Western Union: 4Q Earnings Snapshot

·1 min read

DENVER (AP) _ Western Union Co. (WU) on Wednesday reported fourth-quarter earnings of $177.1 million.

The Denver-based company said it had profit of 43 cents per share. Earnings, adjusted for restructuring costs and costs related to mergers and acquisitions, came to 45 cents per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.

The money transfer company posted revenue of $1.27 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $1.26 billion.

For the year, the company reported profit of $744.3 million, or $1.79 per share. Revenue was reported as $4.84 billion.

Western Union expects full-year earnings to be $2 to $2.10 per share.

Western Union shares have increased 7% since the beginning of the year, while the Standard & Poor's 500 index has increased 4%. In the final minutes of trading on Wednesday, shares hit $23.47, a decline of 17% 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