Market Overview

Western Union Reports A Slight Beat

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The Western Union Company (NYSE: WU) released its Q2 results after market close on Wednesday. Earnings per share came in above Wall Street consensus expectations. Shares remained flat in Wednesday's after-hours session.

Western Union reported EPS of $0.42 and revenues of $1.4 billion. Analyst consensus had an EPS estimate of $0.40 and revenues of $1.38 billion.

Western Union saw FY16 EPS at $1.60-$1.70 vs. estimates of 1.63.

'We delivered another solid quarter, led by strong growth from our digital business," said President and CEO Himket Ersek. "While international markets are mixed, our U.S. money transfer business continued to provide steady performance, helping drive good profitability and cash flow."

Western Union closed at $19.92 Wednesday.

Posted-In: Earnings News After-Hours Center

 

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