In Other News: FLEETCOR (Q1); GREENDOT (Q1); ACI (Q1) and BANKRATE (APRs).
FLEETCOR – FleetCor Technologies reported total revenues decreased 0.5% to $414.3 million in the first quarter of 2016 compared to $416.2 million in the first quarter of 2015. GAAP net income increased 17% to $110.0 million results for its first quarter.
GREENDOT – For the first quarter, Green Dot reported GAAP revenue of $228.0 million and non-GAAP total operating revenues1 of $228.2 million. The Company reported adjusted EBITDA1 of $78.3 million and $0.78 in non-GAAP diluted earnings per common share1. Excluding unusual incremental launch expenses, the Company reported adjusted EBITDA1 of $80.2 million.
ACI – ACI reported first quarter revenue was up 14.7% year-on-year to $226 million. First quarter GAAP net income was $89 million. Net new sales bookings increased 47% year-over-year in Q1.
BANKRATE – For the third straight week, the national average annual percentage rate (APR) remained at 15.19% — a more than four year high. Most issuers left their credit card rates and promotional offers unchanged this week. The sporting goods store Cabela’s increased the APR on the Cabela’s Club Visa card by 0.01%. However, the change was too small to affect the national average. Cabela’s fans are now offered an APR ranging from 15.43% to 21.43%.