Stock Track | LendingClub (LC) Plunges 20.92% in Pre-market on Disappointing Q4 Earnings Miss

Stock Track

Jan 29, 2025

LendingClub (LC) experienced a significant pre-market plunge of 20.92% on Wednesday, following the release of its fourth-quarter earnings report on Tuesday after the market close.

The fintech company reported Q4 earnings per share of $0.08, missing analysts' consensus estimate of $0.09 by 11.11%. While LendingClub's quarterly revenue of $217.2 million surpassed expectations of $206.43 million, the miss on earnings per share appears to have triggered a sharp sell-off in the stock's pre-market trading session.

The company's failure to meet earnings expectations raised concerns among investors about its profitability and future growth prospects, despite the better-than-expected revenue performance. Missing earnings estimates can often lead to a negative market reaction, as it raises questions about a company's ability to maintain and grow its bottom line.

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While LendingClub's quarterly revenue of $217.2 million surpassed expectations of $206.43 million, the miss on earnings per share appears to have triggered a sharp sell-off in the stock's pre-market trading session.</p>\n\n<p>The company's failure to meet earnings expectations raised concerns among investors about its profitability and future growth prospects, despite the better-than-expected revenue performance. Missing earnings estimates can often lead to a negative market reaction, as it raises questions about a company's ability to maintain and grow its bottom line.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LC","symbol_name":"LendingClub","start_time":0,"source_url":"","article_id":"1118023986","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1118023986","pubTimestamp":1738141596,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"LendingClub  experienced a significant pre-market plunge of 20.92% on Wednesday, following the release of its fourth-quarter earnings report on Tuesday after the market close.The fintech company reported Q4 earnings per share of $0.08, missing analysts' consensus estimate of $0.09 by 11.11%. 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