ATLANTA (AP) — GreenSky Inc. (GSKY) on Tuesday reported first-quarter net income of $3.8 million, after reporting a loss in the same period a year earlier.
The Atlanta-based company said it had profit of 5 cents per share. Earnings, adjusted for one-time gains and costs, came to 8 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.
The financial technology company posted revenue of $125.2 million in the period.
GreenSky expects full-year revenue in the range of $560 million to $570 million.
GreenSky shares have increased 32% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $6.13, a rise of 48% in the last 12 months.
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