Western Union Q3 Profit Declines; Lifts Low End Of FY13 EPS Outlook

(RTTNews) - The Western Union Company (WU) reported third-quarter net income of $214.4 million, or $0.39 per share, compared to $269.5 million or $0.45 per share in the comparable quarter last year.

On average, 25 analysts polled by Thomson Reuters expected the company to report profit per share of $0.35 for the quarter. Analysts' estimates typically exclude special items.

Total revenues decreased to $1.41 billion from $1.42 billion last year, while 25 analysts expected revenue of $1.40 billion for the quarter.

The company affirmed its full year outlook for 2013 of GAAP earnings in a range of $1.38 to $1.43 per share and low single digit constant currency revenue declines. Analysts expect the company to report full year profit per share of $1.43.

Earlier, the company expected earnings in the range of $1.33 to $1.43 per share.