AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Open Lending Corporation (LPRO) on Tuesday reported first-quarter earnings of $5.1 million.
On a per-share basis, the Austin, Texas-based company said it had net income of 4 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 $30.7 million in the period, which topped Street forecasts. Five analysts surveyed by Zacks expected $28.6 million.
For the current quarter ending in June, Open Lending said it expects revenue in the range of $29 million to $33 million.
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, source Associated Press News