Western Union Earnings Cheat Sheet: Strong Revenue Growth in Asia Pacific

S&P 500 (NYSE:SPY) component The Western Union Company (WU) reported its results for the first quarter. The Western Union Company is engaged in global money transfer and payment services.

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The Western Union Company Earnings Cheat Sheet for the First Quarter

Results: Net income for the personal services company rose to $210.2 million (32 cents/share) vs. $207.9 million (30 cents/share) in the same quarter a year earlier. A rise of 1.1% from the year earlier quarter.

Revenue: Rose 4.1% to $1.28 billion YoY.

Quoting Management: Western Union President and Chief Executive Officer Hikmet Ersek said, “The first quarter results demonstrate the benefits of our diversified business, with presence in more than 200 countries and territories. Strong revenue growth in Asia Pacific and solid increases in the Americas and much of Europe helped deliver another good quarter. Our U.S. domestic money transfer growth trends continued, bill payments revenue declines slowed, and Western Union Business Solutions provided strong growth.”

Key Stats: The company has now seen net income rise in three-straight quarters. In the fourth quarter of the last fiscal year, net income rose 8.4% and in the third quarter of the last fiscal year, the figure rose 31.7%.

Over the last five quarters, revenue has increased 2.5% on average year over year. The biggest increase came in the most recent quarter, when revenue rose 4.1% from the year earlier quarter.

Competitors to Watch: MoneyGram Intl., Inc. (NYSE:MGI), Euronet Worldwide, Inc. (NASDAQ:EEFT), MasterCard Incorporated (NYSE:MA), Visa (NYSE:V), Discover (NYSE:DFS), American Express (NYSE:AXP), Wright Express Corporation (NYSE:WXS), Heartland Payment Systems, Inc. (NYSE:HPY), Global Payments Inc. (NYSE:GPN), Newtek Business Services, Inc. (NASDAQ:NEWT), FleetCor Tech., Inc. (NYSE:FLT), Green Dot Corporation (NYSE:GDOT), and M&F Worldwide Corp. (NYSE:MFW).

Today’s Performance: Shares of WU are down 0.03% in after hours trading.

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