Western Union shares rise on solid Q4 results, upbeat outlook

February 05, 2025 08:59 AM AEDT | By Investing

Google News:

Western Union shares rise on solid Q4 results, upbeat outlook

Recent News

Soprano Strengthens Security Posture After Achieving SOC 2 Compliance

Origin Agritech Announced Financial Results for the Six Months Ended M...

CACI President and CEO John Mengucci Named ‘Executive of the Year’ by...

CNH’s Mentoring Initiative To Empower Students Experiencing Poverty

Investing.com-- Western Union Co (NYSE:WU) reported fourth-quarter results that exceeded analyst expectations, driving shares up 2.5% in after-hours trading. The money transfer giant posted solid revenue growth and provided an optimistic outlook for 2025.

Western Union reported Q4 adjusted earnings per share of $0.40, missing analyst estimates of $0.43. However, revenue for the quarter came in at $1.1 billion, surpassing the consensus forecast of $1.03 billion. The company's revenue increased 1% YoY on both a reported and adjusted basis, excluding Iraq.

The revenue growth was primarily driven by the Consumer Services segment, which saw a 56% increase in GAAP revenue, or 23% on an adjusted basis. Branded Digital revenue also showed strength, growing 7% on a reported basis and 8% on an adjusted basis.

"We concluded 2024 with a solid performance, marking our third consecutive quarter of positive adjusted revenue growth, excluding Iraq," said Devin McGranahan, President and CEO of Western Union.

Looking ahead, Western Union provided an upbeat outlook for fiscal year 2025. The company expects full-year EPS between $1.75 and $1.85, compared to the analyst consensus of $1.81. Revenue is projected to be in the range of $4.115 billion to $4.215 billion, in line with the consensus estimate of $4.18 billion.

The company's Board of Directors approved a quarterly dividend of $0.235 per share for the first quarter of 2025, payable on March 31, 2025.

This article first appeared in Investing.com

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.
This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.