Western Union Co Reports 8% Drop In Q1 Bottom Line

(RTTNews) - Western Union Co (WU) revealed earnings for first quarter that fell compared to the same period last year.

The company said its bottom line dropped to $171.0 million, or $0.35 per share. This was lower than $185.7 million, or $0.37 per share, in last year's first quarter.

Analysts had expected the company to earn $0.39 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 0.4% to $1302.4 billion. This was up from $1297.7 billion last year.

Western Union Co earnings at a glance:

-Earnings (Q1): $171.0 Mln. vs. $185.7 Mln. last year. -Earnings Decline (Y-o-Y): -7.9% -EPS (Q1): $0.35 vs. $0.37 last year. -EPS Decline (Y-o-Y): -5.4% -Analysts Estimate: $0.39 -Revenue (Q1): $1302.4 Bln vs. $1297.7 Bln last year. -Revenue Change (Y-o-Y): 0.4%