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UPDATE: XO Group Shares Surge On Upbeat Results

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Shares of XO Group Inc. (NASDAQ: XOXO) jumped over 3% in after-hours trading after the company reported better-than-expected results for the fourth quarter.

The New York-based company posted a quarterly GAAP net loss of $4.0 million, or $0.16 per share, compared to $3 million, or $0.12 per share, in the year-ago period. Non-GAAP earnings came in at $0.06 per share in the quarter, versus $0.02 per share, in the year-ago quarter.

Its total revenue climbed 13.7% y/y to $37.1 million. However, analysts were expecting a loss of $0.02 per share on revenue of $34.15 million.

During the quarter, XO Group repurchased shares of its common stock for around $1.0 million.

At December 31, 2014, the Company had cash and cash equivalents of $90.0 million, versus $90.7 million at December 31, 2013.

"I want to congratulate our team on successfully focusing our efforts, investing in our mobile and marketplace capabilities, and launching exceptional products, while delivering our best revenue growth rates in years and continuing to deliver positive cash flow," said Mike Steib, Chief Executive Officer.

XO Group reiterated its long-term financial guidance.

XO Group gained 3.05% to $15.90 in the after-hours trading session.

Posted-In: profitEarnings News

 

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