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Open Lending's Q1 Net Income Dips Even as Revenue Surges

05/11/2021 12:55

04:45 PM EDT, 05/11/2021 (MT Newswires) -- Open Lending (LPRO) on Tuesday reported a Q1 net income of $0.10 per share, compared with $0.16 per share a year earlier.

Analysts polled by Capital IQ had expected $0.13 per share.

Revenue of $44 million was up year over year from $17.4 million. Analysts had projected $40.9 million.

For 2021, the company expects to report revenue in the range of $184 million to $234 million. The Street view is for $212.7 million.

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