Green Dot: Q4 Earnings Snapshot
PASADENA, Calif. (AP) _ Green Dot Corp. (GDOT) on Thursday reported a loss of $10.5 million in its fourth quarter.
The Pasadena, California-based company said it had a loss of 19 cents per share. Earnings, adjusted for one-time gains and costs, came to 27 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 30 cents per share.
The bank holding company posted revenue of $330.8 million in the period. Its adjusted revenue was $321.2 million, which beat Street forecasts. Four analysts surveyed by Zacks expected $306.1 million.
For the year, the company reported profit of $47.5 million, or 85 cents per share. Revenue was reported as $1.39 billion.
Green Dot expects full-year earnings in the range of $2.22 to $2.35 per share, with revenue in the range of $1.39 billion to $1.43 billion.