RTTNews | Jan 27, 2022 11:49AM EST

11:49 Thursday, January 27, 2022 (RTTNews.com) - California-based financial company, LendingClub Corporation (LC), is trading 23% lower on the market despite its fourth-quarter results posted on Wednesday coming in ahead of its previous guidance. The stock is currently trading at $16.90, down $5.60 or 24.89% since the previous close at $22.50. The stock opened at $17.40 in the morning. In the 52-week period, the stock has ranged between $9.50 and $49.21 per share.

The company reported a net income of $29.10 million or $0.27 per share swinging from loss of $26.65 million or $0.29 stock per share in the same period last year. Six analysts polled by Thomson Reuters estimated the earnings to be $0.22 per share. The company guided for earnings between $20 million to $25 million.

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