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Thursday, September 18, 2014

Green Dot lowers profit forecast on higher operating costs, (NYSE: GDOT), (NYSE: TRI), (TSE: TRI.TO)

Debit card provider Green Dot Corp said it was lowering its full-year profit outlook due to increased operating costs related to its acquisition of Santa Barbara Tax Products Group. Green Dot said it would purchase the consumer tax refund transaction processor for about $320 million in cash and stock.The company cut its earnings forecast to $1.25-$1.29 per share from $1.37-$1.41.Analysts on average were expecting earnings of $1.42 per share, according to Thomson Reuters I/B/E/S.

Green Dot Corporation (Green Dot) is a bank holding company. Shares of GDOT traded higher by 2.6% or $0.48/share to $18.94. In the past year, the shares have traded as low as $16.53 and as high as $26.87. On average, 264784 shares of GDOT exchange hands on a given day and today's volume is recorded at 363417.

Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 1.44% or $-0.54/share to $36.98. In the past year, the shares have traded as low as $33.21 and as high as $38.73. On average, 676378 shares of TRI exchange hands on a given day and today's volume is recorded at 651145.

Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 1.19% or $-0.49/share to $40.69. In the past year, the shares have traded as low as $35.07 and as high as $42.10. On average, 572664 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 649150.



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