Green Dot: 3Q Earnings Snapshot
PASADENA, Calif. (AP) _ Green Dot Corp. (GDOT) on Wednesday reported third-quarter earnings of $4.6 million.
The Pasadena, California-based company said it had profit of 8 cents per share. Earnings, adjusted for one-time gains and costs, were 59 cents per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share.
The bank holding company posted revenue of $230.6 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $223.3 million.
Green Dot expects full-year earnings in the range of $3.18 to $3.22 per share, with revenue expected to be $1.04 billion.
Green Dot shares have risen 43 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $86.02, a climb of 55 percent in the last 12 months.