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Here’s Why Green Dot Is Plunging Today

By Matthew Frankel, CFP® – Updated Apr 16, 2019 at 4:09PM

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Analysts weren't thrilled with Green Dot's latest results.

What happened

Green Dot (GDOT 0.49%), the fintech company known for its prepaid debit cards and nontraditional checking accounts, reported its fourth-quarter and 2018 year-end earnings on Wednesday afternoon.

It's fair to say that the market isn't thrilled with the results. As of noon EST on Thursday, Green Dot was down by more than 9%.

At first glance, Green Dot's results look strong. Earnings of $0.56 per share handily beat the $0.49 figure analysts had been looking for, and revenue of $237.83 million came in just ahead of expect

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Stocks Mentioned

Green Dot Corporation Stock Quote
Green Dot Corporation
GDOT
$18.30 (0.49%) $0.09

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