AP NEWS

GreenSky: 3Q Earnings Snapshot

November 5, 2019

ATLANTA (AP) _ GreenSky Inc. (GSKY) on Tuesday reported third-quarter earnings of $14.7 million.

On a per-share basis, the Atlanta-based company said it had profit of 23 cents. Earnings, adjusted for non-recurring gains, came to 15 cents per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.

The financial technology company posted revenue of $153.4 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $138.9 million.

GreenSky shares have dropped 20% since the beginning of the year. The stock has declined 47% in the last 12 months.

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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 GSKY at https://www.zacks.com/ap/GSKY