- Green Dot (NYSE:GDOT) shares jump 12.8% AH following a Q3 beat and raise.
- Cash transfers increased 9% Y/Y to 11.43M transactions. Active cards were flat at 4.41M. Gross dollar and purchase volumes increased 8% to $4.4B and 10% to $3.3B respectively.
- Management raises full-year guidance to revenue of $575M-$580M from $565M-$575M (vs. consensus of $574.3M), EBITDA of $100M-$105M from $95M-$105M, and EPS of $1.10-$1.20 from $1.05-$1.20 ($1.19).
- The company has significantly expanded its product offerings at Walmart stores. The portfolio includes 9 GPR prepaid cards offered at all 4.1K U.S. Walmarts. Management thinks the expansion presents an "opportunity for increased revenue and expanded margins going forward on the overall Walmart portfolio mix."
- PR, conference call (webcast)