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Open Lending: Q2 Earnings Snapshot
By AP News - Aug 08, 2024, 05:03 PM ET
Last Updated - Aug 08, 2024, 05:03 PM EDT
AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Open Lending Corporation (LPRO) on Thursday reported second-quarter earnings of $2.9 million.
On a per-share basis, the Austin, Texas-based company said it had net income of 2 cents.
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The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The company posted revenue of $26.7 million in the period, which also fell short of Street forecasts. Five analysts surveyed by Zacks expected $31.5 million.
For the current quarter ending in September, Open Lending said it expects revenue in the range of $28 million to $31 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LPRO at https://www.zacks.com/ap/LPRO
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