Western Union: 2Q Earnings Snapshot
Posted Aug 4, 2020 05:37:29 PM.
Last Updated Aug 4, 2020 05:40:19 PM.
This article is more than 5 years old.
DENVER (AP) _ Western Union Co. (WU) on Tuesday reported second-quarter net income of $161.9 million.
The Denver-based company said it had net income of 39 cents per share. Earnings, adjusted for restructuring costs and costs related to mergers and acquisitions, were 41 cents per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share.
The money transfer company posted revenue of $1.11 billion in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $1.09 billion.
Western Union shares have fallen roughly 10% since the beginning of the year, while the Standard & Poor’s 500 index has increased slightly more than 2%. In the final minutes of trading on Tuesday, shares hit $24.19, a climb of 15% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WU at https://www.zacks.com/ap/WU
The Associated Press
