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Western Union Co Q1 Profit Drops, Inline With Estimates

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Western Union Co (WU) released earnings for first quarter that decreased from the same period last year in line with the Street estimates.

The company's earnings came in at $123.5 million, or $0.36 per share. This compares with $142.7 million, or $0.41 per share, last year.

Excluding items, Western Union Co reported adjusted earnings of $139.8 million or $0.41 per share for the period.

Analysts on average had expected the company to earn $0.41 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 6.2% to $983.6 million from $1.049 billion last year.

Western Union Co earnings at a glance (GAAP) :

-Earnings: $123.5 Mln. vs. $142.7 Mln. last year.
-EPS: $0.36 vs. $0.41 last year.
-Revenue: $983.6 Mln vs. $1.049 Bln last year.

-Guidance:
Full year EPS guidance: $1.75 to $1.85
Full year revenue guidance: $4,115 to $4,215 Mln

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