A Sea of Red for Green Dot
July 27, 2012 at 15:21 PM EDT
Pre-paid card company Green Dot (GDOT) is down 60% today following a disastrous second quarter report, in which management acknowledged that competition threatens its core business. Green Dot’s 35 cents of core earnings per share were 3 cents below expectations. Revenue also fell short of Street estimates. But the road ahead is murky, and the [...]