Green Dot's lower-than-expected earnings guidance sent its stock down despite meeting revenue forecasts.

Financial tech company Green Dot (NYSE:GDOT) issued FY 2024 earnings guidance at 1.330-1.360 EPS, below analysts' expectations of 1.460 EPS, but met revenue forecasts of $1.7 billion. The company's stock declined on Friday. Green Dot offers financial services through three segments: Consumer Services, Business to Business Services, and Money Movement Services. Brokerages have adjusted their ratings and price targets in response.

November 11, 2024
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