Green Dot: Q2 Earnings Snapshot

AUSTIN, Texas (AP) _ Green Dot Corp. (GDOT) on Thursday reported second-quarter net income of $15 million.

The Austin, Texas-based company said it had net income of 27 cents per share. Earnings, adjusted for one-time gains and costs, were 74 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.

The bank holding company posted revenue of $362.8 million in the period. Its adjusted revenue was $355.1 million, falling short of Street forecasts. Four analysts surveyed by Zacks expected $358.8 million.

Green Dot expects full-year earnings in the range of $2.35 to $2.49 per share, with revenue in the range of $1.39 billion to $1.43 billion.


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