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Currency Exchange International Reports Revenue Growth Amidst Challenges

Story Highlights
  • Currency Exchange International specializes in currency exchange services focusing on U.S. and Canada.
  • The company reported a 4% revenue increase, with stable adjusted net income despite significant non-recurring charges.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Currency Exchange International Reports Revenue Growth Amidst Challenges

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Currency Exchange International ( (TSE:CXI) ) has shared an announcement.

Currency Exchange International reported a 4% increase in revenue for the fiscal year ending October 31, 2024. Despite a significant decline in net income by 76% due to non-recurring charges in Canada, the company’s adjusted net income remained stable compared to the previous year, with a slight increase in adjusted diluted earnings per share. The results demonstrate resilience in CXI’s core operations despite challenges, indicating potential areas for operational improvement in the Canadian segment.

More about Currency Exchange International

Currency Exchange International, Corp. (CXI) operates in the financial services industry, specializing in providing currency exchange and related services. The company focuses primarily on the U.S. and Canadian markets, offering products such as foreign currency exchange, international payments, and related financial services.

YTD Price Performance: 0.0%

Average Trading Volume: 2,776

Technical Sentiment Consensus Rating: Hold

Current Market Cap: C$144.4M

For an in-depth examination of CXI stock, go to TipRanks’ Stock Analysis page.

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