GreenSky: 2Q Earnings Snapshot
ATLANTA (AP) _ GreenSky Inc. (GSKY) on Tuesday reported second-quarter earnings of $12.3 million.
The Atlanta-based company said it had net income of 19 cents per share. Earnings, adjusted for non-recurring costs, were 54 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share.
The financial technology company posted revenue of $138.7 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $137.8 million.
GreenSky shares have decreased 22% since the beginning of the year. The stock has dropped 58% in the last 12 months.