Green Dot Q3 Profit Down - Quick Facts

(RTTNews) - Green Dot Corp. (GDOT) Thursday reported third-quarter profit of $6.1 million or $0.13 per share, down from $9.6 million or $0.22 per share in the same period last year.

Adjusted earnings for the quarter was $10.8 million or $0.24 per share. On average, 17 analysts polled by Thomson Reuters expected the company to earn $0.21 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues improved 3 percent to $136.5 million from $132.8 million last year. Adjusted revenues for the quarter was $139.1 million. Analysts expected revenues of $137.14 million. For the fiscal 2013, the company has raised its adjusted earnings guidance to a range of $1.10 to $1.20 per share from its prior guidance range of $1.05 to $1.20 per share.

Revenues are projected in the range of $575 million to $580 million, up from its previous guidance range of $565 million to $575 million. Analysts currently expect the company to report full-year earnings of $1.17 per share on revenues of $574.79 million.