Shares of the company fell as much as 22.6 percent to $3.29 and were among the top losers on the New York Stock Exchange,
The company said it now expected revenue in the range of $155 million to $160 million, below its earlier estimate of $158 million to $163 million. (http://bit.ly/2nB4aU9f).Net loss is expected to range between $6 million and $10 million, compared with its previous loss forecast of $3 million to $7 million.LendingClub has been trying to recover after an internal probe last year found the company had falsified documentation when selling $22 million of loans to an investor.The incident led to the ouster of Chief Executive Renaud Laplanche and gave bad press to the nascent industry.However, the entry of Square Inc