Western Union Q2 Results Top Estimates

(RTTNews) - Western Union Co. (WU) reported net income for the second quarter of $189.3 million or $0.36 per share, compared to $193.8 million or $0.36 per share for the year-ago quarter.

Excluding the impact of the Paymap settlement agreement with the Consumer Financial Protection Bureau, adjusted earnings for the latest quarter were $0.41 per share.

Total revenue for the second quarter fell 2% to $1.38 billion from $1.41 billion a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.39 per share on revenue of $1.36 billion for the second quarter. Analysts' estimates typically exclude special items.

For the full year 2015, the company now forecasts Low to mid-single digit revenue decrease, earnings of $1.55 to $1.62 per share and adjusted earnings of $1.60 to $1.67 per share. Previously, the company forecast low to mid-single digit revenue decrease and earnings of $1.58 to $1.65 per share. Analysts currently expect the company to earn $1.63 per share on revenue decline of 2.90% for the full year 2015.