Western Union Co Q1 Profit Increases, beats estimates

Western Union Co (WU) released earnings for its first quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line came in at $293.3 million, or $0.74 per share. This compares with $181.8 million, or $0.44 per share, in last year's first quarter.

Excluding items, Western Union Co reported adjusted earnings of $0.51 per share for the period.

Analysts on average had expected the company to earn $0.43 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 4.1% to $1.16 billion from $1.21 billion last year.

Western Union Co earnings at a glance (GAAP) :

-Earnings (Q1): $293.3 Mln. vs. $181.8 Mln. last year.
-EPS (Q1): $0.74 vs. $0.44 last year.
-Analyst Estimate: $0.43
-Revenue (Q1): $1.16 Bln vs. $1.21 Bln last year.

Full year EPS guidance: $1.75 - $1.85

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