Western Union: 2Q Earnings Snapshot
ENGLEWOOD, Colo. (AP) _ Western Union Co. (WU) on Thursday reported second-quarter profit of $217.6 million.
The Englewood, Colorado-based company said it had profit of 47 cents per share. Earnings, adjusted for pretax gains, came to 46 cents per share.
The results fell short of Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.
The money transfer company posted revenue of $1.41 billion in the period, also missing Street forecasts. Six analysts surveyed by Zacks expected $1.44 billion.
Western Union expects full-year earnings in the range of $1.80 to $1.90 per share.
Western Union shares have risen slightly more than 8 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed nearly 6 percent. In the final minutes of trading on Thursday, shares hit $20.58, an increase of almost 6 percent in the last 12 months.