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Western Union Q2 Profit Down, Lowers FY Revenue Outlook

Western Union Company (WU) Wednesday reported second-quarter net income of $194.0 million or $0.50 per share, down from $222.5 million or $0.54 per share last year.

Adjusted EPS in the second quarter was $0.51, compared to $0.48 in the prior year period.

Revenues for the quarter slipped 12% to $1.14 billion from $1.29 billion last year.

Analysts polled by Thomson Reuters expected earnings of $1.00 per share and revenues of $212.71 million for the quarter.

Looking forward to the full year 2022, the company now expects revenue to drop 11% to 13%, earnings of $2.18 to $2.28 per share and adjusted earnings of $1.75 to $1.85 per share.

Previously, the company expected revenues to drop approximately 9% to 11%, earnings of $2.13 to $2.23 per share and adjusted earnings of $1.75 to $1.85 per share.

Analysts currently estimate earnings of $1.79 per share and revenues to drop 10.30%.

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