LendingClub Q2 2024 GAAP EPS $0.13 Beats $0.04 Estimate, Sales $187.241M Beat $177.078M Estimate
Portfolio Pulse from Benzinga Newsdesk
LendingClub (NYSE:LC) reported Q2 2024 earnings per share (EPS) of $0.13, significantly beating the analyst consensus estimate of $0.04. The company also reported quarterly sales of $187.241 million, surpassing the estimate of $177.078 million. However, this represents a 19.46% decrease compared to the same period last year.
July 30, 2024 | 8:15 pm
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LendingClub reported Q2 2024 EPS of $0.13, beating the $0.04 estimate, and sales of $187.241M, beating the $177.078M estimate. Despite the beats, sales are down 19.46% YoY.
LendingClub's strong EPS and revenue beats are likely to positively impact the stock price in the short term. However, the YoY decline in sales may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100