Xoom Corp Earnings: Here’s Why Investors are Excited Now
Xoom Corporation (NASDAQ:XOOM) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 4.65%.
Xoom Corporation Earnings Cheat Sheet
Revenue: Was $24.3 million in the current quarter.
Actual vs. Wall St. Expectations: Xoom Corporation reported adjusted EPS income of $0.02 per share. By that measure, the company beat the mean analyst estimate of $-0.1. It beat the average revenue estimate of $22.82 million.
Quoting Management: “The quarter’s good performance speaks to the strength of our digital money transfer model,” said John Kunze, President and Chief Executive Officer. “We are very pleased with these results, and the value of our product in the eyes of our target consumers.”
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from $0.00 to a loss $0.07. For the current year, the average estimate has moved down from $0.00 to a loss of $0.24 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)