Debit card vendor NetSpend (NTSP) is down 33.9% after reporting Q2 revenue of $74.4M (+10% Y/Y) and EPS of $0.11, compared with a consensus of $78.6M and $0.11. The company expects 2011 revenue of $306M-$314M adjusted EPS of $0.44-$0.48, compared with a consensus of $326M and $0.45. Wedbush is downgrading NetSpend today.
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