Open Lending: Q3 Earnings Snapshot
By AP News
Published - Nov 07, 2024, 05:38 PM ET
Last Updated - Nov 07, 2024, 05:38 PM EST
AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Open Lending Corporation (LPRO) on Thursday reported third-quarter earnings of $1.4 million.
The Austin, Texas-based company said it had net income of 1 cent per share.
The results fell short of 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 $23.5 million in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $29.5 million.
