Western Union: 4Q Earnings Snapshot
ENGLEWOOD, Colo. (AP) _ Western Union Co. (WU) on Thursday reported fourth-quarter net income of $212.1 million, after reporting a loss in the same period a year earlier.
The Englewood, Colorado-based company said it had profit of 48 cents per share. Earnings, adjusted for pretax expenses, were 49 cents per share.
The results matched Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was also for earnings of 49 cents per share.
The money transfer company posted revenue of $1.4 billion in the period, which missed Street forecasts. Five analysts surveyed by Zacks expected $1.43 billion.
For the year, the company reported net income of $851.9 million, or $1.87 per share, swinging to a profit in the period. Revenue was reported as $5.59 billion.
Western Union expects full-year earnings to be $1.83 to $1.95 per share.
Western Union shares have increased slightly more than 7 percent since the beginning of the year, while the Standard & Poor’s 500 index has risen roughly 8 percent. In the final minutes of trading on Thursday, shares hit $18.32, a decline of 6 percent in the last 12 months.