Key Developments: Green Dot Corp (GDOT.N)
18.48USD
17 May 2013
$-0.17 (-0.91%)
$18.65
$18.63
$18.64
$18.25
90,165
135,322
$24.97
$9.05
Latest Key Developments (Source: Significant Developments)
Green Dot Corp Raises FY 2013 Revenue Guidance; Reaffirms FY 2013 Earnings Guidance
Green Dot Corp updated guidance and expects non-GAAP total operating revenues to be in the range of $525 million to $550 million. The Company reaffirmed fiscal 2013 EBITDA and non-GAAP earnings per share (EPS) guidance. The Company expects adjusted EBITDA to be between $85 million and $100 million and non-GAAP diluted EPS to be between $0.95 and $1.20. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $547 million, EBITDA of $98 million and EPS of $1.16 for fiscal 2013. Full Article
Green Dot Corp Announces Resignation Of CFO-Form 8-K
Green Dot Corp reported in its Form 8-K that On April 8, 2013, John Keatley, Chief Financial Officer (CFO) the Company notified Green Dot that he would be leaving the Company effective September 1, 2013. Mr. Keatley will be leaving Green Dot in order to relocate his family to Sweden, his wife's original home, where he will serve as Chief Financial Officer for a Stockholm-based technology company. Mr. Keatley has committed to continue to serve full time as Green Dot's CFO through September 1, 2013 and will additionally assist in recruiting a new Chief Financial Officer. Full Article
Green Dot Corp Issues FY 2013 Guidance; Earnings Guidance Below Analysts' Estimates
Green Dot Corp announced that for fiscal 2013, it expects non-GAAP total operating revenues to be in the range of $510 million to $540 million, adjusted EBITDA to be between $85 million and $100 million and Non-GAAP diluted EPS to be between $0.95 and $1.20. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $538 million, EBITDA of $103 million and EPS of $1.22 for fiscal 2013. Full Article
Green Dot Corp Reaffirms FY 2012 Guidance
Green Dot Corp announced that for fiscal 20122, it expects non-GAAP total operating revenues to grow to a range of $534 million to $543 million, adjusted EBITDA to be between $104 million and $106 million and non-GAAP diluted EPS to be between $1.29 and $1.32. Full Article
Glancy Binkow & Goldberg LLP Announces That Class Action Lawsuit Against Green Dot Corp Has Been Filed and Lead Plaintiff Deadline Is September 25, 2012
Glancy Binkow & Goldberg LLP announced that a class action lawsuit has been commenced in the United States District Court for the Central District of California on behalf of a class (the Class) comprising all purchasers of the securities of Green Dot Corp between January 26, 2012 and July 26, 2012, inclusive (the Class Period). The Complaint alleges violations of federal securities laws and that throughout the Class Period the defendants made false and/or misleading statements and failed to disclose material adverse facts about Green Dot’s business, operations and prospects. Specifically, the Complaint alleges that the defendants made false and/or misleading statements and/or failed to disclose: (1) that the Company’s new internal risk policies and procedures were negatively impacting Green Dot’s growth in new account activations; (2) that certain of Green Dot’s retailers were planning to start selling competitive GPR products in addition to the Company’s products; (3) that the Company lacked historical data to accurately predict how other retailers’ sales of competitive GPR products would impact Green Dot’s sales; and (4) that, as a result of the foregoing, the defendants’ positive statements about Green Dot’s business, operations and prospects, as well as those regarding Green Dot’s revenue outlook for the 2012 fiscal year, lacked a reasonable basis. Full Article
Law Offices of Todd M. Garber Announces Lead Plaintiff Deadline In Class Action Lawsuit Against Green Dot Corp
The Law Offices of Todd M. Garber announced that shareholders of Green Dot Corp have until September 25, 2012 to move for lead plaintiff status in the shareholder lawsuit filed in the United States District Court for the Central District of California. The lawsuit was filed on behalf of a class (the Class) comprising all persons or entities who purchased Green Dot securities between January 26, 2012 and July 26, 2012, inclusive (the Class Period). The Complaint alleges that the defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company’s new internal risk policies and procedures were negatively impacting Green Dot’s growth in new account activations; (2) certain of Green Dot’s retailers were planning to start selling competitive GPR products in addition to the Company’s products; (3) the Company lacked historical data to accurately predict how other retailers’ sales of competitive GPR products would impact Green Dot’s sales; and (4), as a result of the foregoing, the defendants’ positive statements about Green Dot’s business, operations and prospects, as well as those regarding Green Dot’s revenue outlook for the 2012 fiscal year, lacked a reasonable basis. Full Article
Glancy Binkow & Goldberg LLP Announces Lead Plaintiff Deadline in Class Action Lawsuit Against Green Dot Corp
Glancy Binkow & Goldberg LLP, representing investors of Green Dot Corp, announced that all purchasers of Green Dot securities between January 26, 2012 and July 26, 2012, inclusive (the Class Period), have until September 25, 2012, to file a motion with the Court to be appointed as lead plaintiff. The securities fraud class action lawsuit was filed in the United States District Court for the Central District of California. The Complaint alleges violations of federal securities laws against Green Dot and certain of the Company`s executive officers. The Complaint alleges that throughout the Class Period the defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about Green Dot`s business, operations and prospects. Specifically, the Complaint alleges that the defendants made false and/or misleading statements and/or failed to disclose: (1) that the Company`s new internal risk policies and procedures were negatively impacting Green Dot`s growth in new account activations; (2) that certain of Green Dot`s retailers were planning to start selling competitive GPR products in addition to the Company`s products; (3) that the Company lacked historical data to accurately predict how other retailers` sales of competitive GPR products would impact Green Dot`s sales; and (4) that, as a result of the foregoing, the defendants` positive statements about Green Dot`s business, operations and prospects. Full Article
Faruqi & Faruqi, LLP Announces Investigation Of Potential Securities Fraud At Green Dot Corp
Faruqi & Faruqi, LLP, a national securities law firm, announced that it is investigating potential securities fraud at Green Dot Corp. The investigation focuses on whether Green Dot and its executives violated federal securities laws by failing to disclose that: (1) the Company's new internal risk policies and procedures were negatively impacting Green Dot's growth in new account activations; (2) certain of Green Dot's retailers were planning to start selling competitive GPR products in addition to the Company's products; and (3) the Company lacked historical data to accurately predict how other retailers' sales of competitive GPR products would impact Green Dot's sales. Full Article
Saxena White P.A. Files Securities Fraud Class Action Against Green Dot Corp
Saxena White P.A. announced that it has filed a class action lawsuit in the United States District Court for the Central District of California on behalf of all investors who purchased Green Dot Corp common stock during the period from January 26, 2012 through July 26, 2012 (the Class Period). The complaint brings forth claims for violations of the Securities Exchange Act of 1934. The complaint alleges that Green Dot and certain of its officers and directors violated the federal securities laws. Specifically, the Complaint alleges that defendants made false statements and failed to disclose the following material adverse facts: (i) that the Company's new internal risk policies and procedures were negatively impacting Green Dot's growth in new account activations; (ii) that certain of Green Dot's retailers were planning to start selling competitive General Purpose Reloadable (GPR) prepaid cards in addition to the Company's products; (iii) that the Company lacked historical data to accurately predict how other retailers' sales of competitive GPR products would impact Green Dot; and (iv) the defendants' positive statements about Green Dot's business and revenue outlook for 2012 lacked a reasonable basis. Full Article
Rigrodsky & Long, P.A. Announces Securities Fraud Class Action Lawsuit Against Green Dot Corp
Rigrodsky & Long, P.A. announced that a complaint has been filed in the United States District Court for the Central District of California on behalf of all persons or entities that purchased the securities of Green Dot Corp (Green Dot or the Company) between January 26, 2012 and July 26, 2012, inclusive (the Class Period), alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its officers and directors (the Complaint). According to the Complaint, the Company issued a press release on January 26, 2012 detailing their Q4 results for 2011 along with full-year guidance for 2012. In particular, the Company expressed that it expected another year of very strong top-line and bottom line growth in 2012. This belief was echoed in their April 26, 2012 press release reporting the Company’s financial results for Q1 of 2012. However, on July 26, 2012, the Company issued a press release which now stated otherwise. In this release, which also contained Green Dot’s Q2 financial results, the Company updated its guidance for 2012. Citing a greater level of uncertainty going forward in our business as the prepaid marketplace continues to evolve, the Company decided to lower its guidance for the remainder of the year. The Company also pointed to a lack of historical data on how sales will be affected by the sale of competitive GPR products by their retailers. Full Article
Green Dot profit beats estimates on higher card revenue
- Prepaid debit card company Green Dot Corp's quarterly profit beat analysts' estimates as card revenue rose, sending its shares up 5 percent after hours.
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