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Green Dot raises FY'18 outlook

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Green Dot raises FY'18 outlook

Green Dot Corp.'s full-year 2018 outlook for its non-GAAP net income climbed to a range of $160.1 million to $163.9 million, or $2.93 to $3.00 per share, from the previous range of $153.4 million to $157.1 million, or $2.81 to $2.88 per share.

Its outlook for its adjusted EBITDA also climbed to $240 million to $245 million, from its previous projected range of $236 million and $241 million.

The company posted a $75.9 million non-GAAP net income, or $1.40 per share, for the first quarter of 2018, up from $52.4 million, or $1.00 per share, for the year-ago period.

Its GAAP net income was $70.0 million, or $1.29 per share, for the first quarter of 2018, up from $40.8 million, or 78 cents per share, reported in the same period last year.