Open Lending: Q3 Earnings Snapshot

AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Open Lending Corporation (LPRO) on Tuesday reported third-quarter earnings of $3 million.

On a per-share basis, the Austin, Texas-based company said it had net income of 2 cents.

The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.

The company posted revenue of $26 million in the period, which also did not meet Street forecasts. Six analysts surveyed by Zacks expected $32.6 million.

For the current quarter ending in December, Open Lending said it expects revenue in the range of $25 million to $29 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