PASADENA, Calif. (AP) _ Green Dot Corp. (GDOT) on Thursday reported first-quarter profit of $38.6 million.

The Pasadena, California-based company said it had net income of 70 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.06 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share.

The bank holding company posted revenue of $400.6 million in the period. Its adjusted revenue was $394.7 million, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $389.4 million.

Green Dot expects full-year earnings in the range of $2.32 to $2.46 per share, with revenue in the range of $1.39 billion to $1.43 billion.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GDOT at https://www.zacks.com/ap/GDOT

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