GreenSky reports Q1 EPS 5c, consensus 5c
Reports Q1 revenue $103.7M, consensus $105.7M. First quarter transaction volume increased 20% over the prior year to $1.2 billion. The average transaction fee rate was 6.8% in the first quarter, compared to 6.9% the prior year. "We are off to a solid start in 2019. Our first quarter operating results, which were in line with our seasonal expectations, demonstrate strong demand and a deep competitive moat," said David Zalik, Chairman and CEO of GreenSky. "Our momentum has continued nicely into the second quarter, and we continue to have confidence in our full year plan of top-line revenue growth with strong profitability, supported by more than ample liquidity. We will continue to take an aggressive approach to investing in innovation, leveraging our expense infrastructure with a continued emphasis upon increasing shareholder value."