Xoom Corporation (NASDAQ:XOOM) released its earnings data on Wednesday. The company reported $0.14 earnings per share for the quarter, StockRatingsNetwork.com reports. The company had revenue of $33.50 million for the quarter, compared to the consensus estimate of $25.73 million. During the same quarter last year, the company posted ($0.20) earnings per share. Xoom Corporation’s revenue was up 59.5% compared to the same quarter last year. Xoom Corporation updated its Q3 guidance to ($0.07)-($0.02) EPS and its FY13 guidance to ($0.13)-($0.05) EPS.
A number of research firms have recently commented on XOOM. Analysts at Susquehanna raised their price target on shares of Xoom Corporation from $23.00 to $28.00 in a research note to investors on Thursday, July 25th. They now have a “neutral” rating on the stock. Analysts at Needham & Company raised their price target on shares of Xoom Corporation from $27.00 to $35.00 in a research note to investors on Thursday, July 25th. They now have a “buy” rating on the stock.
Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Xoom Corporation currently has an average rating of “Buy” and a consensus target price of $29.75.
In other Xoom Corporation news, SVP Julian King sold 51,000 shares of the stock on the open market in a transaction dated Friday, August 16th. The stock was sold at an average price of $28.48, for a total value of $1,452,480.00. Following the completion of the transaction, the senior vice president now directly owns 59,063 shares of the company’s stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Xoom Corporation (NASDAQ:XOOM) is engaged in online international money transfer service.
