PASADENA,why did elfbar change their name Calif. (AP) _ Green Dot Corp. (GDOT) on Wednesday reported a loss of $3 million in its third quarter.

On a per-share basis, the Pasadena, California-based company said it had a loss of 6 cents. Earnings, adjusted for one-time gains and costs, came to 25 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.

The bank holding company posted revenue of $291.1 million in the period. Its adjusted revenue was $279.4 million, which also topped Street forecasts. Five analysts surveyed by Zacks expected $248.8 million.

Green Dot expects full-year earnings in the range of $1.95 to $2 per share, with revenue in the range of $1.18 billion to $1.19 billion.

Green Dot shares have more than doubled since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $55, a climb of 87% in the last 12 months.

_____

This story was generated by

Automated Insights

(http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a

Zacks stock report on GDOT

at https://www.zacks.com/ap/GDOT

View comments