Open Lending: Q2 Earnings Snapshot

AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Open Lending Corporation (LPRO) on Tuesday reported second-quarter profit of $11.4 million.

The Austin, Texas-based company said it had profit of 9 cents per share.

The results matched Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 9 cents per share.

The company posted revenue of $38.2 million in the period, topping Street forecasts. Six analysts surveyed by Zacks expected $35.5 million.

For the current quarter ending in September, Open Lending said it expects revenue in the range of $29 million to $34 million.

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