LendingClub (LC) Q1 Earnings Meet Estimates

LendingClub (LC) came out with quarterly earnings of $0.10 per share, in line with the Zacks Consensus Estimate. This compares to earnings of$0.11 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company that connects borrowers and lenders online would post earnings of $0.10 per share when it actually produced earnings of$0.11, delivering a surprise of 10%.Over the last four quarters, the company has surpassed consensus EPS estimates three t ...