Intermex slides on annual forecast cut

International Money Express

07/05/2025 14:03

** Shares of money transfer services provider International Money Express, better known as Intermex IMXI.O, slide 11.2% to $11 premarket

** IMXI cuts annual forecasts for profit and revenue, citing economic uncertainty

** "Current levels of uncertainty and volatility affecting market conditions and consumer behavior, have increased the difficulty of reliably forecasting short-term results" - IMXI

** IMXI is also discontinuing issuing quarterly guidance

** 2 of 8 brokerages rate the stock "buy" and 6 "hold"; median PT $19 - data compiled by LSEG

** As of last close, IMXI stock was down 40.5% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))