Green Dot (GDOT) Tops Q1 EPS by 16c

Green Dot (NYSE: GDOT) reported Q1 EPS of $1.00, $0.16 better than the analyst estimate of $0.84. Revenue for the quarter came in at $253 million versus the consensus estimate of $233.67 million.

• GAAP net income and GAAP diluted EPS up 23.9% and 23.8%, respectively
• Adjusted EBITDA and non-GAAP EPS up 14.5% and 28.2%, respectively

Said Green Dot Founder and CEO, Steve Streit, “Q1 was a fabulous quarter for Green Dot with outstanding and record-setting financial results. Our hard work and vision to build Green Dot into one of the country’s premier financial technology platforms is coming together and paying off. Today’s Green Dot is a diverse enterprise where six revenue divisions are working together to provide thrust to Green Dot’s consolidated top line growth, while our highly efficient, high-scale, proprietary technology platform enabled top line growth to fall to the bottom line at increasingly expansive margins.”

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

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