International Money Express Inc (IMXI) reported earnings of [or_text model=”openai/gpt-3.5-turbo” prompt=”You are a news editor expand and Rewrite the following article, remove references to the source, make sure the generated article is well written, makes sense and is SEO enabled:
International Money Express Inc (IMXI) said before open Tuesday that it earned $0.56 per share in quarter four 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.
On the revenue line, the company reported $171.8 million, missing estimates by $4.2 million.
In the same quarter a year ago, the company earned $0.46 per share on revenue of $154.4 million.
The stock is down 9.40% to $19.48 after the report.
International Money Express Inc’s earnings expanded faster than revenues, signaling widening profit margins.
The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.
Trading in the five days leading up to the report earned International Money Express Inc a Bullish Sentiment Rank from InvestorsObserver.
International Money Express Inc has performed a little below average during the past few months. Before the report, International Money Express Inc received a Long-Term Technical Rank by InvestorsObserver of 42, putting it in the bottom half of stocks. The firm set a 52-week low on November 1, 2023 at $15.76 and set a 52-week high on March 8, 2023 at $28.24.
International Money Express Inc is a processor of money transfer services in the USA to the Latin America corridor (LAC). The company offers services in approximately 50 states and Latin American countries. Computer and telephone-based options are available for convenient wire transfers. The company offers wire transfer, money order, Foreign exchange, and cash checking services, while the majority of the revenue is derived from wire transfer and money order fees. The firm’s business is organized around one reportable segment that provides money remittance services primarily between the U.S. and Canada to Mexico, Guatemala, and other countries in Latin America, Africa, and Asia.
“].56 per share in quarter four 2023, beating the previous year’s earnings of [or_text model=”openai/gpt-3.5-turbo” prompt=”You are a news editor expand and Rewrite the following article, remove references to the source, make sure the generated article is well written, makes sense and is SEO enabled:
International Money Express Inc (IMXI) said before open Tuesday that it earned $0.56 per share in quarter four 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.
On the revenue line, the company reported $171.8 million, missing estimates by $4.2 million.
In the same quarter a year ago, the company earned $0.46 per share on revenue of $154.4 million.
The stock is down 9.40% to $19.48 after the report.
International Money Express Inc’s earnings expanded faster than revenues, signaling widening profit margins.
The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.
Trading in the five days leading up to the report earned International Money Express Inc a Bullish Sentiment Rank from InvestorsObserver.
International Money Express Inc has performed a little below average during the past few months. Before the report, International Money Express Inc received a Long-Term Technical Rank by InvestorsObserver of 42, putting it in the bottom half of stocks. The firm set a 52-week low on November 1, 2023 at $15.76 and set a 52-week high on March 8, 2023 at $28.24.
International Money Express Inc is a processor of money transfer services in the USA to the Latin America corridor (LAC). The company offers services in approximately 50 states and Latin American countries. Computer and telephone-based options are available for convenient wire transfers. The company offers wire transfer, money order, Foreign exchange, and cash checking services, while the majority of the revenue is derived from wire transfer and money order fees. The firm’s business is organized around one reportable segment that provides money remittance services primarily between the U.S. and Canada to Mexico, Guatemala, and other countries in Latin America, Africa, and Asia.
“].46 per share. The company also reported revenue of 1.8 million, missing estimates by .2 million.
Despite the missed revenue estimates, International Money Express Inc’s earnings expanded faster than revenues, indicating widening profit margins. This positive news may lead to a revision of the average Buy recommendation from Wall Street analysts.
Trading in the days leading up to the report earned International Money Express Inc a Bullish Sentiment Rank from InvestorsObserver. However, the company has performed slightly below average in the past few months, with a Long-Term Technical Rank of 42.
International Money Express Inc is a processor of money transfer services in the USA to the Latin America corridor (LAC). The company provides services in approximately 50 states and Latin American countries, offering wire transfer, money order, foreign exchange, and cash checking services. The majority of its revenue comes from wire transfer and money order fees.
Overall, International Money Express Inc serves as a key player in facilitating money remittance services primarily between the U.S. and Canada to Mexico, Guatemala, and other countries in Latin America, Africa, and Asia.
