Published on 7 Feb 2024 on Zacks via Yahoo Finance
The Western Union Company WU reported fourth-quarter 2023 adjusted earnings per share (EPS) of 37 cents, which beat the Zacks Consensus Estimate by 2.8%. The bottom line rose 15.6% year over year.
Total revenues declined 3.7% year over year on a reported basis or grew 3% on a constant-currency basis to $1.05 billion. The top line beat the Zacks Consensus Estimate by 4.8%.
The better-than-expected quarterly earnings were due to strength in the branded digital business, growth in transactions, disciplined expense management and the progress of Evolve 2025. However, the poor performance of the consumer services segment due to the devaluation of the Argentine peso partially offset the results.