Western Union Q3 Profit Tops Estimate

(RTTNews) - Western Union Co. (WU) reported net income for the third quarer of $234.1 million or $0.44 per share, compared to $214.4 million or $0.39 per share for the year-ago quarter.

Revenue for the third quarter rose 2% to $1.44 billion from $1.41 billion a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.38 per share on revenue of $1.43 billion for the third quarter.

The company affirmed its full year 2014 revenue outlook of flat to low single digit growth or low to mid-single digit growth in constant currency. The company now forecasts full year 2014 earnings per share of about $1.50, compared to its previous outlook of $1.45 to $1.50. Analysts currently expect the company to earn $1.47 per share for the full year 2014.