Lending Club Schedules Earnings Release for November 7th

Lending Club boothLending Club (NYSE:LC) has scheduled third quarter earnings release for Monday, November 7, 2016. The conference call will take place at 8AM ET that day. A live webcast of the call will be available at on the Lending Club website under the Events & Presentations menu. To join in on the call you may dial +1 (877) 283-8977, or outside the U.S. +1 (412) 542-4157, with conference ID 9401723, ten minutes prior.

At the Q2 earnings release, Lending Club provided an outlook for Q3 projecting operating revenue in the range of $95 million to $105 million. Adjusted EBITDA was predicted to be in the range of ($30) million to ($15) million.

Lending Club has been rebuilding its executive team since the founder CEO unexpectedly departed the marketplace lender in May of 2016.  The onlinne lender has also been working to bring back the many institutional funding channels the stopped providing the necessary capital to fund loans following events in May.

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