Edition:
India

Lendingclub Reports Q4 Loss Per Share $0.22


Wednesday, 21 Feb 2018 

Feb 20 (Reuters) - Lendingclub Corp ::LENDINGCLUB REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.01.Q4 LOSS PER SHARE $0.22.Q4 REVENUE ROSE 2 PERCENT TO $156.5 MILLION.REAFFIRMS 2018 GUIDANCE.LENDINGCLUB - REACHED PRELIMINARY SETTLEMENT OF CLASS ACTION LAWSUITS ARISING FROM LEGACY ISSUES DISCLOSED BY CO IN 2016.LENDINGCLUB - PARTIES AGREED TO STIPULATION OF SETTLEMENT THAT INCLUDES $125 MILLION AGREEMENT.LENDINGCLUB - PRELIMINARY SETTLEMENT WILL HAVE NO MATERIAL IMPACT ON CO'S BUSINESS OPERATIONS IN 2018.SEES Q1 2018 TOTAL NET REVENUE IN RANGE OF $145 MILLION TO $155 MILLION.LENDINGCLUB - $47.75 MILLION OF SETTLEMENT WILL BE COVERED BY CO'S INSURANCE, REMAINING $77.25 MILLION IS REFLECTED IN Q4 NET LOSS.SEES Q1 NET LOSS IN RANGE OF $25 MILLION TO $20 MILLION.