Q: Hi, could you please report and comment on GSY earnings, forcasts and post market reaction ? thank you.
5i Research Answer:
GSY reported EPS of $4.12 vs $4.65 expected. Loan originations were up 13% and loan growth was up 32%. Revenue of $440 mln was up 15% vs $428 mln expected. Similar to PRL, GSY saw an uptick in delinquencies which impacted results. The quarter was a bit mixed but the growth should help offset some concerns on the bottom line.