The Western Union Reports Q2 Revenue Miss, EPS Beat Estimates
<p><a href='https://financialmodelingprep.com/financial-summary/WU'>The Western Union Company (NYSE:WU)</a> reported its Q2 results, with EPS of $0.51 coming in better than the Street estimate of $0.41. Revenue was $1.1 billion, slightly lower than the Street estimate of $1.13 billion.</p>
<p>For the full 2022-year, the company expects EPS to be in the range of $1.75-$1.85, compared to the Street estimate of $1.79.</p>
<p>While C2C growth was again expected to be weak, Deutsche Bank analysts view the results as disappointing as the retail money transfer business struggles to regain momentum as macro headwinds, particularly in Europe, continue to weigh on the business. </p>
<p>Digital growth also fell well short of expectations in Q2 and wu.com transactions actually contracted on a much easier comp. The company outlined broad plans for the company’s transformation over the next 18-24 months including a new POS experience, enhanced digital wallets, and clear integration of the retail and digital business. The company will outline further details on the transformation along with a new mid-term outlook at an Investor Day in October. </p>

NYSE:WU