Shares of International Money Express Inc (IMXI) plummeted 8.46% in pre-market trading on Wednesday, following the release of the company's fourth-quarter 2024 financial results that fell short of analysts' expectations.
According to the earnings report, IMXI reported quarterly revenue of $164.8 million, missing the consensus estimate of $169.007 million. The company also reported adjusted earnings per share (EPS) of $0.57, lower than the expected $0.60 EPS.
Although IMXI provided an optimistic outlook for fiscal year 2025, with projected revenue between $657.5 million and $677.5 million and adjusted EPS in the range of $2.09 to $2.26, investors seemed to be disappointed by the company's weaker-than-expected performance in the fourth quarter.
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