Associated Press
1 min read
DENVER (AP) — DENVER (AP) — Western Union Co. (WU) on Wednesday reported third-quarter net income of $78 million.
On a per-share basis, the Denver-based company said it had net income of 25 cents. Earnings, adjusted for one-time gains and costs, were 42 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.
The money transfer company posted revenue of $1.01 billion in the period, which missed Street forecasts. Six analysts surveyed by Zacks expected $1.02 billion.
Western Union expects full-year earnings in the range of $1.28 to $1.38 per share.
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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
