Western Union Co. tumbles on forecast
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.