NEW YORK, NY / ACCESSWIRE / May 10, 2018 / Groupon shares may have closed almost flat on Wednesday but it was not before the deal site exploded and saw gains of around 13% after reporting its first quarter financial report. Shares of LendingClub also exploded after reporting first quarter earnings.

RDI Initiates Coverage on:

Groupon, Inc.
https://www.rdinvesting.com/report/?ticker=GRPN

LendingClub Corporation
https://www.rdinvesting.com/report/?ticker=LC

Groupon, Inc. shares closed up a modest 0.83% yesterday on about 25.7 million shares traded. The stock may have closed only slightly up, but it saw the biggest rise in over a year after the company reported first quarter earnings results that topped expectations. Shares gained as much as 13% before pulling back. Groupon also gave guidance that exceeded what Wall Street was waiting for. Earnings for the quarter were 3 cents which was better than the breakeven expected by analysts. Revenue at $626.5 million topped the $603.9 million that was expected. CEO Rich Williams said, "Across the board, you saw us deliver on our strategy. We are firing on all cylinders." According to analyst Tom Forte of D.A. Davidson & Co., "Groupon is well positioned to capitalize on its opportunity in local commerce and is a much better company than it has been in the past."

Access RDI's Groupon, Inc. Research Report at:
https://www.rdinvesting.com/report/?ticker=GRPN

LendingClub Corporation shares closed up 20.57% on Wednesday with more than 4 times trading volume of about 28 million shares. The lending company saw its shares move higher after reporting first quarter earnings. LendingClub saw a 22% increase YOY at $151.7 million for revenues. There was also an 18% increase in loan originations reported. The company also reported a net loss of $31.2 million which was expected, but was higher than the loss of $29.9 million loss reported in the year ago quarter. Management has said that last year was a "rebuilding" year for the company. It was in 2016 that the company's CEO Renaud Laplanche was fired, amid questionable lending practices. Company CEO Scott Sanborn commented, on the call with analysts, "We are pleased with our position as we start 2018. Last year was a time of rebuilding and transforming LendingClub." For the current quarter ending in July, the company has forecast revenue in the range of $162 million to $172 million. It expects full-year revenue in the range of $680 million to $705 million.

Access RDI's LendingClub Corporation Research Report at:
https://www.rdinvesting.com/report/?ticker=LC

Our Actionable Research on Groupon, Inc. (NASDAQ: GRPN) and LendingClub Corporation (NYSE: LC) can be downloaded free of charge at Research Driven Investing.

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