Western Union Co Q1 Profit Declines 9%

(RTTNews) - Western Union Co (WU) released earnings for first quarter that fell from last year.

The company said its earnings declined to $185.7 million, or $0.37 per share. This was lower than $203.9 million, or $0.39 per share, in last year's first quarter.

Analysts had expected the company to earn $0.38 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 1.5% to $1.30 billion. This was down from $1.32 billion last year.

Western Union Co earnings at a glance:

-Earnings (Q1): $185.7 Mln. vs. $203.9 Mln. last year. -Earnings Decline (Y-o-Y): -8.9% -EPS (Q1): $0.37 vs. $0.39 last year. -EPS Decline (Y-o-Y): -5.1% -Analysts Estimate: $0.38 -Revenue (Q1): $1.30 Bln vs. $1.32 Bln last year. -Revenue Change (Y-o-Y): -1.5%

-Guidance: Full year EPS guidance: $1.58 to $1.70