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Western Union Tops EPS Estimates, Surpasses 400,000 Agent Locations (WU)

Posted on: Tue, 20 Oct 2009 10:14:00 EDT

Symbols: WU

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Oct 20, 2009 (SmarTrend(R) News Watch via COMTEX) --
WU | Quote | Chart | News | PowerRating -- 10/20/2009 - Western Union (NYSE:WU) reported Q3 EPS of $0.33, ex-items, beating consensus analyst estimates of $0.32. Revenues for the quarter fell 5% year-over-year to $1.04 billion, falling short of consensus estimates of $1.29 billion. President and CEO Christina Gold said, "Our geographically diverse portfolio delivered 3% growth in consumer-to-consumer transactions, as strength in key international markets offset softness in other countries. We also achieved our 2009 goal of surpassing 400,000 agent locations.aEUR For FY 2009, the company expects adjusted EPS between $1.23 and $1.28, compared to consensus estimates of $1.27.

Write to Chip Brian at cbrian@tradethetrend.com

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