SAN FRANCISCO (AP) _ LendingClub Corp. (LC) on Tuesday reported a loss of $78.5 million in its second quarter.

The San Francisco-based company said it had a loss of 87 cents per share. Losses, adjusted for restructuring costs and non-recurring costs, came to 60 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 58 cents per share.

The company that connects borrowers and lenders online posted revenue of $43.9 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $57.6 million.

LendingClub shares have dropped 58% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $5.30, a decrease of 61% in the last 12 months.

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

Automated Insights, source Associated Press News