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UPDATE: Western Union Q4 Profit Drops 47%

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Western Union Co (NYSE: WU) reported a 47% drop in its fourth-quarter profit.

Western Union's quarterly profit declined to $237.9 million, or $0.40 per share, versus $452.3 million, or $0.73 per share, in the year-earlier period.

Its revenue fell to $1.42 billion from $1.43 billion. However, analysts were expecting earnings of $0.35 per share on revenue of $1.4 billion.

Western Union projects 2013 earnings of $1.33 to $1.43 per share, versus analysts' estimates of $1.48 per share.

Western Union shares fell 4.04% to $13.76 in after-hours trading.

Posted-In: profitEarnings News Guidance

 

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