On Thursday, Shares of LendingClub Corp (NYSE:LC), lost -2.57% to $14.03.
Lending Club declared financial results for the second quarter ended June 30, 2015 and raised its outlook for the remainder of the year.
“We had another very strong quarter with accelerating revenue growth from 17% to 19% quarter over quarter and expanding margins from 13.1% in Q1 to 13.9% in Q2.” said Renaud Laplanche, CEO and founder. “Strong platform effects, industry leading position, superior engineering, and record high customer satisfaction translating into a loyal repeat customer base, have assisted us continue to lower our acquisition costs this quarter. These results and the continued momentum we are seeing give us the confidence to, once again, raise our outlook for the full year in terms of both growth and margins.”
LendingClub Corporation operates as an online marketplace for connecting borrowers and investors in the United States. Its marketplace facilitates various types of loan products for consumers and small businesses, counting unsecured personal loans, super prime consumer loans, unsecured education and patient finance loans, and unsecured small business loans.
Shares of FedEx Corporation (NYSE:FDX), declined -0.99% to $169.60, during its last trading session.
FedEx Corp., confirmed that the European Commission has initiated a Phase II review in connection with FedEx’s intended public offer to acquire all the issued and outstanding shares of TNT Express N.V. This is the next step in the process where the European Commission conducts an in-depth analysis under the EU Merger Regulation before coming to a decision. The transaction is also being reviewed by other antitrust agencies, counting the Ministry of Commerce (MOFCOM) in China and Conselho Management de Defesa Econômica (CADE) in Brazil.
“We will continue to work together with TNT Express to meet the European Commission’s need for additional due diligence and are confident that the combination of both companies will enhance competition and create benefits for customers,” said David Binks, President, FedEx Express - Europe. “We continue to make progress on all of the necessary regulatory steps around the world that would allow us to complete this transaction in the first half of 2016 and unite two great teams that share a passion for customer service.”
FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. The company’s FedEx Express segment provides various shipping services for the delivery of packages and freight; international trade services specializing in customs brokerage, and ocean and air freight forwarding services; international trade advisory services, such as assistance with the customs-trade partnership against terrorism program; and customs clearance services, in addition to global trade data, an information tool that allows customers to track and manage imports.
Finally, TearLab Corp (NASDAQ:TEAR), ended its last trade with 0.81% gain, and closed at $2.48.
TearLab Corporation stated its merged financial results for the second quarter ended June 30, 2015. All dollar amounts are expressed in U.S. currency and results are stated in accordance with United States generally accepted accounting principles.
For the three months ended June 30, 2015, TearLab’s net revenues were $6.3 million, up 27% from $5.0 million for the same period in 2014. A total of 394 orders for TearLab systems were booked in the second quarter, of which 303 were under the Company’s new Flex program and 28 were purchased outside of the U.S.
TearLab Corp. operates as an ophthalmic device company in the United States. It develops and markets lab-on-a-chip technologies that enable eye care practitioners to enhance standard of care by objectively and quantitatively testing for disease markers in tears at the point-of-care.
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