LendingClub: Turnaround Story Of The Year?
- Record loan originations of $3.1 billion
- Record net revenue of $190.8 million
- Record adjusted EBITDA of $33.2 million
- Reaffirms 2019 net revenue forecast of $765M-$795M
- 2019 adjusted net loss of $5M-$20M vs prior range of $9M-$29M.
- Q3 net revenue of $200M-$210M; consensus estimate of $204.7M
- Q3 adjusted net income of $0M-$5M