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.
For the current quarter ending in December, Open Lending said it expects revenue in the range of $22 million to $26 million.
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