The money transfer company tumbled after it lowered its full-year earnings forecast. Western Union cut its guidance to a range of $1.60 to $1.63 per share from a previous $1.68 to $1.72. Analysts had estimated $1.75. Third-quarter performance of 45 cents per share on revenue of $1.42 billion also disappointed. One analyst expressed concerns over competition and a tough economy.
Western Union Co. tumbles on forecast
You've reached the limit of 10 free articles a month
Stay informed with unlimited access to Boston’s trusted news source.
- High-quality journalism from the region’s largest newsroom
- Convenient access across all of your devices
- Today’s Headlines daily newsletter
- Subscriber-only access to exclusive offers, events, contests, eBooks, and more
- Less than $1 a week