Published on 26 Apr 2024 on Zacks via Yahoo Finance
Western Union (WU) Q1 Earnings Beat on Branded Digital Strength
The Western Union Company WU posted robust first-quarter 2024 results, driven by the Branded Digital business' resilience, growth in transactions, solid Consumer Money Transfer business performance and stabilization of the retail business. This solid performance prompted the company to raise its full-year outlook. However, increased expenses tempered some of the gains.
It announced first-quarter 2024 adjusted earnings per share (EPS) of 45 cents, which beat the Zacks Consensus Estimate by 12.5%. The bottom line rose nearly 5% year over year.