Xoom Turns To Profit In Q4 - Quick Facts

(RTTNews) - Xoom Corporation (XOOM), a digital money transfer provider, reported fourth-quarter net income of $1.2 million, or $0.03 per share, compared to a net loss of $1.5 million, or a loss of $0.29 per share, prior year. Non-GAAP earnings per share was $0.06, for the quarter.

On average, six analysts polled by Thomson Reuters expected the company to report a loss per share of $0.01 for the quarter. Analysts' estimates typically exclude special items.

Revenue rose year-over-year to $32.12 million, from $22.16 million. Analysts expected revenue of $31.23 million for the quarter.

For first-quarter 2014, Xoom expects revenue to be between $33.0 million and $34.0 million; GAAP net loss per share to be in the range of $0.13 to $0.11; and non-GAAP net loss per share to be in the range of $0.08 to $0.05. Analysts expect the company to report first-quarter profit per share of $0.07 on revenue of $34.16 million.

For Full Year 2014, Xoom expects: revenue to be between $155.0 million and $160.0 million; GAAP net loss per share to be in the range of $0.20 to $0.12; and non-GAAP net income per share to be in the range of $0.03 to $0.10. Analysts expect the company to report full year 2014 earnings per share of $0.37 on revenue of $152.68 million.