Green Dot (NYSE: GDOT) reported Q1 EPS of $1.13, $0.18 better than the analyst estimate of $0.95. Revenue for the quarter came in at $346.5 million versus the consensus estimate of $323.83 million.

“These have been unprecedented times and they have tested all of us in ways no one could have imagined. I am proud of the team’s unwavering dedication to our customers and each other throughout these uncertain times, and I’m excited to be on board as one of the newest members of the Green Dot team,” said Dan Henry, CEO. \"The first quarter has always been the Company’s strongest quarter in terms of revenue and profitability. With no one knowing the extent of the negative and lasting impacts of COVID-19, we were very fortunate to have a strong Q1 performance.\"

GUIDANCE:

As the duration and severity of the COVID-19 pandemic is unknown, Green Dot is withdrawing its financial outlook for the full year 2020. Green Dot has already taken and will continue to implement incremental actions to reduce expenses to mitigate the financial impact of COVID-19 on the company.

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