Profits at the prepaid card issuer Green Dot fell sharply in the fourth quarter but still came in higher than analysts had expected.

The Pasadena, Calif., company said after markets closed Jan. 31 that its fourth-quarter earnings declined by 23.5% from a year earlier, to $10.4 million, due largely to higher marketing and employee expense. Still, its per-share earnings of 24 cents came in 7 cents higher than consensus estimates of analysts polled by Bloomberg.

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