UPDATE: Western Union Q2 Profit Declines 27%
Western Union Co (NYSE: WU) reported a 27% drop in its second-quarter earnings.
Western Union's quarterly profit fell to $198.6 million, or $0.36 per share, from $271.2 million, or $0.44 per share, in the year-ago period.
Its revenue declined 2.8% to $1.39 billion. However, analysts were expecting earnings of $0.34 per share on revenue of $1.37 billion.
Its operating margin shrank to 20% from 24.3%.
Western Union shares closed at $16.98 yesterday.
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