Celebrating 10 Years of Trusted News Discovery
One News Page
> >

LendingClub forecasts bigger-than-expected first-quarter loss

Firstpost Wednesday, 20 February 2019
(Reuters) - Online lender LendingClub Corp forecast a bigger-than-expected first-quarter loss on Tuesday and revenue that missed Wall Street estimates, sending the company's shares down 9 percent in after-market trading. For the first quarter, the company expects net revenue between $162 million and $172 million, below analysts' estimates of $181.2 million, according to IBES data from Refinitiv. LendingClub also forecast a first-quarter net loss between $20 million and $15 million, compared to Wall Street estimates of a loss of $5.14 million

Recent related videos from verified sources

Daily Dividend Report: CUZ, TMK, LOW, VST, PWR [Video]Daily Dividend Report: CUZ, TMK, LOW, VST, PWR

Cousins Properties announced today that its Board of Directors has declared a cash dividend of $0.0725 per common share for the first quarter of 2019, representing an 11.5% increase over the prior..

Credit: Market News Video     Duration: 01:21Published

The Economy Is in a 'Strong Place,' Says NYSE Trader [Video]The Economy Is in a 'Strong Place,' Says NYSE Trader

How should investors feel about the economy overall? Tim Anderson, managing director at TJM Investments, has a rosy outlook on the economy for now. "I think we're in a very good spot right now. Now..

Credit: The Street     Duration: 00:43Published

Daily Dividend Report: IIPR, MSFT, AXP, ADT, CASY [Video]Daily Dividend Report: IIPR, MSFT, AXP, ADT, CASY

Innovative Industrial Properties has declared a first quarter 2019 dividend of $0.45 per share of common stock, representing an approximately 29% increase over IIP's fourth quarter 2018 dividend of..

Credit: Market News Video     Duration: 02:11Published

France votes, Unilever’s first-quarter report | The Week Ahead [Video]France votes, Unilever’s first-quarter report | The Week Ahead

► Subscribe to here: ► Watch 'France votes, Unilever's first-quarter report' and more on Daniel Garrahan highlights the main..

Credit: Financial Times     Duration: 05:15Published

Recent related news from verified sources

Online discount retailer Inc drops on disappointing 4Q results Inc (NASDAQ:OSTK) fell Monday after reporting a bigger-than-expected fourth-quarter loss. For the quarter, the online discount retailer of...
Proactive Investors

Carnival weak as cruises operator cuts annual profit forecast blaming higher fuel prices, strong dollar

Carnival PLC (LON:CCL) (NYSE:CCL) saw its shares drop on Tuesday after the cruises operator cut its annual profit forecast although it reported above forecasts...
Proactive Investors

You Might Like

Other recent news in Business

Small BUSINESS confidence continues to slide, international uncertainty sets inCCI approves Tirumala Milk PRODUCTS' acquisition of Sunfresh Agro Industries, Prabhat's dairy business
This $100M SOFTWARE startup came out of Australia and got funded by Microsoft to help companies manage all their remote workersEurope's new COPYRIGHT LAW could change the internet
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.