Green Dot (GDOT) Tops Q2 EPS by 11c, Revenues Beat

Green Dot (NYSE: GDOT) reported Q2 EPS of $0.43, $0.11 better than the analyst estimate of $0.32. Revenue for the quarter came in at $300 million versus the consensus estimate of $237.71 million.

“During this incredibly unfortunate pandemic, we are proud that our products and services were used and relied upon by millions of consumers and small businesses directly and through our partners to receive much needed funds and support from various government entities. This unprecedented crisis also clearly illustrates the strength of the diversified business of Green Dot as well as long term opportunities for widespread digital payments adoption,” said Dan Henry, CEO. "I'm very optimistic about the potential we have and thrilled about the leadership team we have put together over these past three months."

GUIDANCE:

The continued uncertainty regarding the duration and the related impact of COVID-19 on the U.S. economy and any government response makes it is difficult for Green Dot to reasonably estimate its future financial results at this time; therefore, Green Dot will not be providing a financial outlook for the full year 2020.

For earnings history and earnings-related data on Green Dot (GDOT) click here.

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