Green Dot (GDOT) Stock Gains 20% Despite Q2 Earnings Miss

Green Dot Corporation (GDOT) reported mixed second-quarter 2024 results, with earnings missing the Zacks Consensus Estimate but revenues surpassing the same. The stock has gained 19.8% since the earnings release on Aug 8 due to the raised revenue guidance. For 2024, GDOT hiked its guidance for total operating revenues to $1.60-$1.70 billion from the $1.58-$1.62 billion provided at the end of the preceding quarter. The mid-point of the guided range ($1.65 billion) is higher than the Zacks Consensus Estimate ...