Western Union Updates Guidance - Quick Facts

(RTTNews) - The Western Union Company (WU) reduced its full year GAAP EPS outlook to a range of $1.46 to $1.56 (previously $1.48 to $1.60), due to the legal matter accrual. The adjusted EPS outlook was increased to a range of $1.70 to $1.80 (previously $1.63 to $1.75), primarily due to expense favorability, improvements in foreign exchange rates, and lower expected effective tax rates.

The company affirmed its constant currency revenue, adjusted operating margin, and cash flow outlooks for 2017, increased its GAAP revenue and adjusted earnings per share outlooks, and decreased its GAAP operating margin and GAAP earnings per share outlooks. Flat to low single digit increase in GAAP revenue (previously flat to low single digit decrease) is projected, or a low single digit increase in constant currency.

Second-quarter adjusted earnings per share was $0.50 compared to $0.44 in the same period last year. The company generated revenue of $1.4 billion, which was flat compared to the prior year, or an increase of 2% on a constant currency basis.