Western Union swung to a 26% EPS miss as the Americas retail money transfer business stalled and the delayed Intermex acquisition pushed out expected synergies, squeezing adjusted margins to 15% from 19% a year ago. Revenue edged below consensus at $1.01 billion, though the company's branded digital segment surged 25% year over year with a rare bright spot. Management now expects full-year adjusted EPS of $1.25 to $1.35 pending the deal's September close.
Western Union :
WU
WU
Stock Data
$7.09
$0.07 (0.99%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
FINANCIAL SERVICES
Industry
CREDIT SERVICES
Western Union Company is a global leader in money movement and payment services, offering a wide range of solutions including money transfers, bill payments, and prepaid cards. With a history dating back to 1851, it has built a vast network that includes retail agents, online platforms, and mobile devices, facilitating financial transactions across borders and within countries. Headquartered in Denver, Colorado, Western Union is committed to connecting people and businesses, making it easier to send and receive money worldwide.
Latest Activity
Western Union swung to a 26% EPS miss as the Americas retail money transfer business stalled and the delayed Intermex acquisition pushed out expected synergies, squeezing adjusted margins to 15% from 19% a year ago. Revenue edged below consensus at $1.01 billion, though the company's branded digital segment surged 25% year over year with a rare bright spot. Management now expects full-year adjusted EPS of $1.25 to $1.35 pending the deal's September close.
All Western Union Articles
68 Articles