Green Dot (GDOT) Tops Q3 EPS by 7c, Updates Guidance

Green Dot (NYSE: GDOT) reported Q3 EPS of $0.15, $0.07 better than the analyst estimate of $0.08. Revenue for the quarter came in at $146.4 million versus the consensus estimate of $149.95 million.

Updated Outlook for 2015

Non-GAAP Total Operating Revenues2:

• Green Dot now expects full-year non-GAAP total operating revenues to come in slightly below $700 million, which is the low end of its previous guidance range.

Adjusted EBITDA2:

• The Company now expects its adjusted EBITDA2 for the full year to finish near the low end of the previous range of $150-$160 million.

Non-GAAP EPS2:

• Green Dot now expects its non-GAAP EPS2 for the full year to finish near the midpoint of the range of $1.24-$1.35, which assumes depreciation and amortization of property and equipment of $39 million, an effective tax rate of 37.5% and non-GAAP diluted weighted-average shares issued and outstanding of 53.5 million.

(Consensus calls for EPS of $1.31 and revenue of $707.21 million.)

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

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