Open Lending: Q2 Earnings Snapshot
By AP News
Published - Aug 08, 2024, 05:03 PM ET
Last Updated - Aug 08, 2024, 05:03 PM EDT
AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Open Lending Corporation (LPRO) on Thursday reported second-quarter earnings of $2.9 million.
On a per-share basis, the Austin, Texas-based company said it had net income of 2 cents.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The company posted revenue of $26.7 million in the period, which also fell short of Street forecasts. Five analysts surveyed by Zacks expected $31.5 million.
