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Western Union: 1Q Earnings Snapshot

DENVER (AP) _ Western Union Co. (WU) on Tuesday reported first-quarter profit of $173.1 million.

On a per-share basis, the Denver-based company said it had profit of 39 cents.

The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.

The money transfer company posted revenue of $1.34 billion in the period, which also missed Street forecasts. Five analysts surveyed by Zacks expected $1.35 billion.

Western Union expects full-year earnings to be $2.66 to $2.76 per share.

Western Union shares have increased 13% since the beginning of the year, while the Standard & Poor's 500 index has climbed 15%. In the final minutes of trading on Tuesday, shares hit $19.20, a drop of roughly 3% in the last 12 months.


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