Dave Inc (NASDAQ:DAVE) shares unexpectedly plummeted 5.37% in pre-market trading on Wednesday, despite reporting better-than-expected second-quarter results and raising its full-year guidance. The financial technology company posted quarterly revenue of $131.7 million, surpassing analyst estimates of $113.5 million by 16.04% and marking a significant 64.42% increase from the same period last year.

In addition to the strong revenue performance, Dave Inc raised its 2025 guidance, projecting revenue between $505-$515 million and adjusted EBITDA of $180-$190 million. The company also reported a net income of $9.1 million and an adjusted EBITDA of $50.9 million for the quarter. However, conflicting reports emerged regarding the company's earnings per share (EPS), with one source indicating a beat of $3.14 versus the $1.65 estimate, while another showed a miss at $0.62 compared to the $1.32 expected.

The market's negative reaction to Dave Inc's earnings report is puzzling given the revenue beat and improved guidance. Investors may be focusing on the potential EPS miss or other undisclosed factors influencing the stock's performance. As the trading day progresses, market participants will be closely watching for any clarification on the EPS discrepancy and additional insights into the company's future prospects.