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Here’s Why Green Dot Is Plunging Today

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

By Matt Frankel, CFP – Updated Apr 16, 2019 at 4:09PM EST

What happened

Green Dot (GDOT 6.23%), 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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About the Author

Matt Frankel, CFP
Matt Frankel, CFP, is a contributing Motley Fool stock market analyst specializing in the real estate and financial sectors. Prior to The Motley Fool, Matt taught high school and college mathematics. He holds a bachelor’s degree in physics from the University of South Carolina, a master’s degree in mathematics from Nova Southeastern University, and a graduate certificate in financial planning from Florida State University. He won a SABEW award for coverage of the 2017 Tax Cuts and Jobs Act. He is also regularly interviewed by Cheddar, Globe St, The National Desk, and other TV networks and publications for his real estate, financial, stock market, and investing expertise.
TMFMattFrankel
X@MattFrankelCFP

Stocks Mentioned

Green Dot Stock Quote
Green Dot
NYSE: GDOT
$10.53
(-6.23%)-$0.70

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