Shares of Green Dot Corp. (GDOT) plummeted over 6% in after-hours trading on Tuesday after the financial technology company reported mixed third-quarter results.
For the quarter ended September 30, 2024, Green Dot posted adjusted earnings per share of $0.13, missing analysts' consensus estimate of $0.17 by a wide margin of 23.5%. The earnings miss was a disappointment for investors, causing the stock to sell off sharply in extended trading.
However, the company's top line fared better, with revenue of $406 million surpassing Wall Street's expectations of $392.6 million. Green Dot's revenue grew 16.5% year-over-year, driven by strength across its various business segments.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.