Candorium Free Members
Join Candorium to access the full article and more
Free Member Benefits:
✔
Comment & Reply✔
Newsletter Access✔
Follow Authors✔
Share via SMS Go Back
Green Dot: Q2 Earnings Snapshot
By AP News - Aug 08, 2024, 06:32 PM ET
Last Updated - Aug 08, 2024, 06:32 PM EDT
AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Green Dot Corp. (GDOT) on Thursday reported a loss of $28.7 million in its second quarter.
On a per-share basis, the Austin, Texas-based company said it had a loss of 54 cents. Earnings, adjusted for one-time gains and costs, were 25 cents per share.
Sponsored
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.
The bank holding company posted revenue of $407.1 million in the period. Its adjusted revenue was $402.6 million, topping Street forecasts. Three analysts surveyed by Zacks expected $370.9 million.
Green Dot expects full-year earnings in the range of $1.45 to $1.59 per share, with revenue in the range of $1.6 billion to $1.7 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GDOT at https://www.zacks.com/ap/GDOT
Sponsored
Read More from Investing
Popular News
Latest News
