BUZZ-LendingClub tumbles as Q4 profit falls, misses estimates

Reuters
01-29
BUZZ-<a href="https://laohu8.com/S/LC">LendingClub</a> tumbles as Q4 profit falls, misses estimates

** Shares of financial services firm LendingClub LC.N slump 18.9% to $13.65 in after-hours trading

** Company posts net income of $9.7 mln in Q4, vs $10.2 mln in the prior year

** Profit in Q4 fell to 8 cents/share from 9 cents/share; analysts had expected EPS of 9 cents/share - LSEG

** LendingClub sees return on tangible common equity of more than 8% in Q1 2025

** Up to last close, LC had risen ~89% in the past 12 months

(Reporting by Juby Babu in Mexico City and Akash Sriram in Bengaluru)

((Juby.Babu@thomsonreuters.com;))

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