In its recently disclosed fourth-quarter results, Western Union Co (WU) reported an increase in earnings compared to the same timeframe last year, although it fell short of Wall Street predictions. The firm posted earnings of $385.7 million, or $1.13 per share, compared to $127.0 million, or $0.35 per share, in the previous year.
On an adjusted basis, which excludes certain items, the company achieved earnings of $135.6 million or $0.40 per share for this period. Analysts had, on average, projected earnings of $0.42 per share, with estimates typically not accounting for special items.
Revenue for the quarter saw a slight uptick of 0.6%, reaching $1.058 billion compared to $1.052 billion in the same period last year.
To summarize Western Union Co's financial performance based on Generally Accepted Accounting Principles (GAAP):
- Earnings stood at $385.7 million, an increase from last year's $127.0 million.
- Earnings per Share (EPS) were $1.13, up from $0.35 last year.
- Revenue increased slightly to $1.058 billion from $1.052 billion in the previous year.
