Western Union: Q1 Earnings Snapshot
DENVER (AP) _ Western Union Co. (WU) on Tuesday reported first-quarter net income of $181.8 million.
The Denver-based company said it had profit of 44 cents per share.
The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share.
The money transfer company posted revenue of $1.21 billion in the period, beating Street forecasts. Five analysts surveyed by Zacks expected $1.2 billion.
Western Union expects full-year earnings in the range of $2 to $2.10 per share.
Western Union shares have climbed 18% since the beginning of the year, while the S&P’s 500 index has risen 11%. In the final minutes of trading on Tuesday, shares hit $25.86, an increase of 37% in the last 12 months.