Just after the closing bell on Thursday, Green Dot Corporation GDOT reported its earnings results for its 2014 second quarter. Shares of the company shot up as much as 10 percent following the release.
"We had a strong quarter driven by three key factors in our business that we believe we can sustain over the long-term. First, we're witnessing strong outperformance of our Green Dot-branded business. Second, more robust customer usage metrics within all of our portfolios are generation higher incremental revenue and margin per active card. And third, the investments we've made into operational excellence are beginning to pay off with greater efficiencies in risk management, supply chain and technology development."
Results
Market News and Data brought to you by Benzinga APIs- Revenue: $149 million
- EPS: $0.41
- Revenue: $154.16 Million
- EPS: $0.26
- Revenue: $640-650 million
- Adjusted EBITDA: $128-132 million
- non-GAAP diluted EPS: $1.37-1.41
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in