- Though it only slightly missed Q3 revenue estimates (while beating on EPS), NASDAQ:XOOM is guiding for Q4 revenue of $41M-$43M, below a $44M consensus. EPS guidance of $0.03-$0.06 is in-line with a $0.05 consensus.
- The online money transfer platform also announces CFO Ryno Blignaut is resigning, effective Dec. 1, to "pursue personal interests, spend more time with his family and to carefully evaluate the next step in his career." Finance VP Matt Hibbard will be Xoom's new CFO.
- Q3 gross sending volume +13% Y/Y to $1.7B; transactions +22% to 3.2M; active customers +22% to 1.2M; new customers -22% to 96.6K. Xoom admits "customer acquisition in the quarter was challenging."
- Q3 results, PR