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Western Union: 4Q Earnings Snapshot

DENVER (AP) _ Western Union Co. (WU) on Tuesday reported fourth-quarter earnings of $135.4 million.

On a per-share basis, the Denver-based company said it had profit of 32 cents. Earnings, adjusted for restructuring costs and pretax expenses, were 38 cents per share.

The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.

The money transfer company posted revenue of $1.31 billion in the period, which also missed Street forecasts. Five analysts surveyed by Zacks expected $1.32 billion.

For the year, the company reported profit of $1.06 billion, or $2.46 per share. Revenue was reported as $5.29 billion.

Western Union expects full-year earnings in the range of $1.95 to $2.05 per share.

Western Union shares have climbed 5.5% since the beginning of the year, while the Standard & Poor's 500 index has risen nearly 4%. In the final minutes of trading on Tuesday, shares hit $28.24, a rise of 58% 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