{"id":20116,"date":"2014-04-23T12:17:32","date_gmt":"2014-04-23T16:17:32","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=20116"},"modified":"2014-04-23T12:17:32","modified_gmt":"2014-04-23T16:17:32","slug":"impressive-first-quarter-leads-xoom-corp-nasdaqxoom-higher","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/impressive-first-quarter-leads-xoom-corp-nasdaqxoom-higher-20116","title":{"rendered":"Impressive First-Quarter Leads Xoom Corp (NASDAQ:XOOM) Higher"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 04\/23\/2014 (wallstreetpr) &#8211;<b>\u00a0Xoom Corp (NASDAQ:XOOM)<\/b> is surging to a record level today as the online global money transfer service provider reported better than expected first quarter yesterday. The shares of the company are trading 20% higher during the early phase of the session.<\/p>\n<p style=\"text-align: justify;\"><b>Solid First Quarter Growth<\/b><\/p>\n<p style=\"text-align: justify;\">The company has been successful to deliver both in terms of its revenue and earnings per share. Its revenue in the first quarter increased 48% to $35.9 million year-over-year. At the same time, its gross profit also jumped 57% over the last one year to $26.4 million. GAAP net income during the first quarter came in at $0.01 per share, that is $0.4 million as against the net loss of $79,000 or $0.00 per a share previous year. Non-GAAP earnings, in particular, have been impressive as it was at $0.06 per share, in comparison to $0.02 per share in the same quarter last year. The market consensus was at a net loss of $0.04 per share on revenue of $34.35 million. Xoom Corp (NASDAQ:XOOM) credited the robust performance in the first quarter to the growth in mobile channels and high quality additions to its payout networks. Moreover, the company&#8217;s president and chief executive officer, John Kunze, highlighted that the company&#8217;s risk management mechanism being best in the industry help to differentiate itself in the period. He added its loss management ensured a hassle free consumer experience while assisting in faster service delivery and apparently greater margins.<\/p>\n<p style=\"text-align: justify;\"><b>Better Second Quarter And Yearly Outlook<\/b><\/p>\n<p style=\"text-align: justify;\">If the management is to be believed then Xoom Corp (NASDAQ:XOOM) expects to see an equally positive second quarter. This reflects in its projection of $38-$40 million in revenue in the second quarter and earnings per share in the range of $0.02-$0.06. The projections are very much in line with the market consensus of $39.4 million revenue and EPS of $0.05. At the same time, the company&#8217;s full year outlook exceeds that of the analysts. For the year 2014, XOOM chalks out revenue projection in the range of $157 million to $162 million and earnings per share of $0.15-$0.22 versus the market estimate of $156.9 million revenue and $0.09 EPS. Overall, the things seem to be progressing on Xoom Corp (NASDAQ:XOOM) &#8216;s front and its guidance this time is taking off the concerns that it created during fourth quarter projections.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 04\/23\/2014 (wallstreetpr) &#8211;\u00a0Xoom Corp (NASDAQ:XOOM) is surging to a record level today as the online global money transfer service provider reported better than [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":8879,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[2973,6085],"stock_ticker":[],"class_list":["post-20116","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-nasdaqxoom","tag-xoom-corp-nasdaqxoom","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - 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