Lending Club Tumbled Over 13% in Premarket Trading as Its Q1 Net Income Could Slip from Q4

Lending Club tumbled over 13% in premarket trading as its Q1 net income could slip from Q4.

It reported Q4 diluted EPS of $0.27, compared with a loss of $0.29 a year ago.

Revenue climbed to $262.2 million from $75.5 million. The Street called for $246.2 million.

It expected revenue of $255 million to $265 million for Q1 and $1.1 billion to $1.2 billion for full-year 2022, versus the respective Street views of $255.5 million and $1.14 billion.