Plug Power Inc. Tumbles On Revenue Miss, LendingClub Corp Surges
Lending Club expects its fourth quarter revenue to be between $116 million and $123 million. Analysts were projecting $116.2 million. The company expects net losses of $48 million to $38 million, adjusted EBITDA of -$15 million to -$5 million and operating revenue of $116 million to $123 million.
Shares of Lending Club soared in premarket trading, climbing by as much as 7.41% to $5.51 per share.
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