SAN FRANCISCO (AP) _ LendingClub Corp. (LC) on Wednesday reported fourth-quarter net income of $29.1 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the San Francisco-based company said it had net income of 27 cents. Earnings, adjusted for non-recurring costs, were 80 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.

The company that connects borrowers and lenders online posted revenue of $262.2 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $247.7 million.

For the year, the company reported net income of $18.6 million, or 18 cents per share, swinging to a profit in the period. Revenue was reported as $818.6 million.

For the current quarter ending in April, LendingClub said it expects revenue in the range of $25 million to $30 million.

The company expects full-year revenue in the range of $130 million to $150 million.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LC at https://www.zacks.com/ap/LC

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