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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.
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La previsión de ganancias más bajas de lo esperado de Green Dot hizo que sus acciones cayeran a pesar de cumplir con las previsiones de ingresos.