Here’s Why Green Dot Stock Is Soaring on Tuesday
Financial technology company Green Dot (NYSE: GDOT) reported its first-quarter earnings on Monday afternoon, and it's fair to say that Wall Street is happy with the results. As of 11:15 a.m. EDT Tuesday, the stock had soared by 15%.
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The first quarter is historically Green Dot's strongest, and this set of results looked surprisingly strong, even with the emergence of the COVID-19 pandemic. Revenue actually increased by 6.3% year over year, and while earnings declined a bit, adjusted earnings per share of $1.13 significantly exceeded analysts' consensus expectation.
Source Fool.com
