Xoom +11.7% AH on Q1 beat, strong full-year outlook

|By:, SA News Editor

XOOM expects Q2 revenue of $38M-$40M and EPS of $0.02-$0.06, in-line with a consensus of $39.4M and $0.05. But full-year guidance is for revenue of $157M-$162M and EPS of $0.15-$0.22, above a consensus of $156.9M and $0.09.

With shares having fallen hard since Xoom provided soft guidance in its Q4 report, investors are quite happy to see those numbers.

Gross sending volume +49% Y/Y in Q1 to $1.6B. Transactions +42% to 2.9M, active customers +34% to 1.13M, new customers +7% to 117.1K.

Gross margin rose 420 bps Y/Y to 73.3%. Opex rose 56% to $25.8M.

Q1 results, PR