Western Union First Quarter 2024 Earnings: Beats Expectations

Western Union (NYSE:WU) First Quarter 2024 Results

Key Financial Results

• Revenue: US$1.05b (up 1.2% from 1Q 2023).
• Net income: US$142.7m (down 6.0% from 1Q 2023).
• Profit margin: 14% (in line with 1Q 2023).
• EPS: US$0.41.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Western Union Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) also surpassed analyst estimates by 2.2%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 4.2% growth forecast for the Diversified Financial industry in the US.

Performance of the American Diversified Financial industry.

The company's shares are up 2.8% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Western Union has 1 warning sign we think you should be aware of.

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