Green Dot Q2 EPS $0.37 Beats $0.36 Estimate, Sales $361.14M Beat $335.10M Estimate
Portfolio Pulse from Benzinga Newsdesk
Green Dot (NYSE:GDOT) reported Q2 earnings of $0.37 per share, beating the analyst consensus estimate of $0.36 by 2.78%. However, this is a 50% decrease from the same period last year. The company also reported quarterly sales of $361.14 million, beating the analyst consensus estimate of $335.10 million by 7.77%, a 1.70% increase from the same period last year.
August 04, 2023 | 2:21 pm
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Green Dot's Q2 earnings beat estimates but are down 50% YoY. Sales also beat estimates and are up 1.7% YoY.
While Green Dot beat earnings and sales estimates, the significant decrease in earnings YoY may concern investors. The increase in sales YoY is a positive sign, but it's unclear how this mixed report will affect the stock price in the short term.
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RELEVANCE 100