Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Green Dot
So what: Earnings fell a penny short of expectations at $0.39 per share, but the company did boost the full-year outlook: Green Dot now expects revenue between $490 million and $505 million, while EBITDA is expected to fall between $117 million and $123 million.
Now what: The earnings miss was not dramatic, so I wouldn't be panicking today. Still, shares are trading at an 18.6 forward earnings multiple, so the stock isn't a screaming value despite today's drop. I'll sit out today's move despite the rally in shares later in the day.
Interested in more info on Green Dot? Add it to your watchlist.
Fool contributor Travis Hoium has no position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings, or follow his CAPS picks at TMFFlushDraw.
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