International Money Express up on Q1 profit beat

International Money Express

04/05/2022 17:18

** Money remittance services firm's shares  IMXI.O  up ~5%
at $20.87 in afternoon trade 
    ** Co reports Q1 adjusted EPS of 34 cents vs estimates of 26
cents  urn:newsml:reuters.com:*:nFWN2WV203
    ** "Intermex captures 21.4% of the remittance business in
four of the region's top five markets including Mexico,
Guatemala, El Salvador, and Honduras" - CEO Bob Lisy
    ** IMXI's Q1 revenue jumps 21.2% to $114.7 mln 
    ** Four of six brokerages rate the stock "buy" or higher,
two "hold"; their median PT is $22 - Refinitiv 
    ** Including session gain, shares up ~30.7% YTD 

 (Reporting by Manya Saini in Bengaluru)
 ((Manya.Saini@thomsonreuters.com;))