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MoneyGram: 3Q Earnings Snapshot

November 9, 2018

DALLAS (AP) _ MoneyGram International Inc. (MGI) on Thursday reported a third-quarter loss of $20.9 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Dallas-based company said it had a loss of 32 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to 24 cents per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share.

The money transfer company posted revenue of $347.2 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $380.8 million.

The company’s shares closed at $4.47. A year ago, they were trading at $14.36.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MGI at https://www.zacks.com/ap/MGI

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