Open Lending: Q4 Earnings Snapshot

AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Open Lending Corporation (LPRO) on Tuesday reported a loss of $4.8 million in its fourth quarter.

On a per-share basis, the Austin, Texas-based company said it had a loss of 4 cents.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.

The company posted revenue of $14.9 million in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $27.5 million.

For the year, the company reported profit of $22.1 million, or 18 cents per share. Revenue was reported as $117.5 million.

For the current quarter ending in March, Open Lending said it expects revenue in the range of $26 million to $30 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