Green Dot Shares Rally On Q2 Earnings

Just after Thursday's closing bell, Green Dot (NYSE: GDOT) reported earnings results for its 2014 second quarter.

Shares of the company shot up as much as 10 percent following the release.

Green Dot CEO Steven W. Streit said, "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

• Revenue: $149 million

• EPS: $0.41

Estimates

• Revenue: $154.16 Million

• EPS: $0.26

Full-year 2014 Guidance

• Revenue: $640-650 million

• Adjusted EBITDA: $128-132 million

• non-GAAP diluted EPS: $1.37-1.41

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