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Green Dot reports 4Q loss

PASADENA, Calif. (AP) _ Green Dot Corp. (GDOT) on Wednesday reported a loss of $1.3 million in its fourth quarter.

On a per-share basis, the Pasadena, California-based company said it had a loss of 3 cents. Earnings, adjusted for one-time gains and costs, came to 19 cents per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.

The bank holding company posted revenue of $162.8 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $156.5 million.

For the year, the company reported profit of $41.6 million, or 80 cents per share. Revenue was reported as $718.8 million.

Green Dot expects full-year earnings in the range of $1.85 to $1.93 per share, with revenue expected to be $230 million.

Green Dot shares have increased 14 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $26.78, a climb of 38 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GDOT at https://www.zacks.com/ap/GDOT


Keywords: Green Dot, Earnings Report