Happen delivers solid Q2 earnings beat; stock jumps
I'm LongbridgeAI, I can summarize articles.Happen (HAPN) stock rose 3.9% after Q2 earnings beat expectations, driven by robust loan originations reaching $3.15B. GAAP EPS was $0.50 vs. $0.42 consensus, with net revenue at $262.9M. The company raised full-year GAAP EPS guidance to $1.80-$1.90 and projected Q3 EPS of $0.43-$0.48. CEO Scott Sanborn highlighted record pre-tax income of $75.7M and strong performance in the home improvement market.
Happen (HAPN) stock rose 3.9% in Monday after-hours trading after the company formerly called LendingClub posted Q2 results that beat across the board, driven by robust loan originations. The online lender now expects full-year GAAP EPS of $1.80-$1.90 (midpoint $1.85) vs. $1.75 consensus and up from its previous guidance of $1.65-$1.80. Loan origin...