LendingClub sinks as Q4 profit, revenue decline

Happen

30/01/2024 21:29

** Shares of consumer lender LendingClub  LC.N  down ~5% at
$8.30 in extended trading after results 
    ** Co posts Q4 net revenue of $185.6 mln vs $262.7 mln in
year-ago quarter 
    ** Net income shrinks to $10.2 mln in Q4 vs $23.6 mln, a
year earlier  
    ** On a per share basis, quarterly profit comes in at 9
cents vs 22 cents a year ago  
    ** Stock fell marginally in 2023

 (Reporting by Manya Saini in Bengaluru)
 ((Manya.Saini@thomsonreuters.com))