Western Union Co. Earnings: Here’s Why Investors are Selling Shares Now
Western Union Co. (NYSE:WU) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 1.5%.
Western Union Co. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 8.7% to $0.42 in the quarter versus EPS of $0.39 in the year-earlier quarter.
Revenue: Decreased 0.44% to $1.43 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Western Union Co. reported adjusted EPS income of $0.42 per share. By that measure, the company beat the mean analyst estimate of $0.35. It beat the average revenue estimate of $1.4 billion.
Quoting Management: “We have a solid strategy for growth. Our foundation is strong, with a valued brand, global network, and worldwide operations and expertise,” said President and Chief Executive Officer Hikmet Ersek. “We are confident the strategic actions we are implementing in 2013 will position us well for the future and drive revenue and profit growth in 2014 and beyond.”
Key Stats (on next page)…