WASHINGTON (dpa-AFX) - Western Union Co (WU) revealed a profit for fourth quarter that decreased from the same period last year in line with the Street estimates.
The company's earnings came in at $127.0 million, or $0.35 per share. This compares with $249.4 million, or $0.65 per share, in last year's fourth quarter.
Excluding items, Western Union Co reported adjusted earnings of $132.6 million or $0.37 per share for the period.
Analysts on average had expected the company to earn $0.37 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 3.7% to $1.05 billion from $1.09 billion last year.
Western Union Co earnings at a glance (GAAP) :
-Earnings (Q4): $127.0 Mln. vs. $249.4 Mln. last year. -EPS (Q4): $0.35 vs. $0.65 last year. -Analyst Estimates: $0.37 -Revenue (Q4): $1.05 Bln vs. $1.09 Bln last year.
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