Western Union Q1 Profit Tops Estimate; Backs FY14 View

(RTTNews) - Western Union Co. (WU) reported net income for the first quarter of $203.0 million or $0.37 per share, compared to $212.0 million or $0.37 per share for the year-ago quarter.

Total revenue for the first quarter rose 2% to $1.35 billion from $1.33 billion a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.35 per share on revenue of $1.36 billion for the first quarter.

The company affirms its full year 2014 outlook, which calls for Flat to low single digit revenue growth and earnings of $1.40 to $1.50 per share. Analysts currently expect the company to earn $1.44 per share on revenue growth of 2.4%.