Western Union Stock Surges 5% After Q2 Beat
<p><a href='https://financialmodelingprep.com/financial-summary/WU'>Western Union (NYSE:WU)</a> witnessed more than a 5% increase in its shares during early Thursday trading following the release of its Q2 results. The company reported an EPS of $0.51, surpassing the Street estimate of $0.39.</p>
<p>Western Union saw a 3% year-over-year growth in revenue (or 9% on a constant currency basis), reaching $1.17 billion, which exceeded the Street estimate of $1.04 billion.</p>
<p>CEO Devin McGranahan attributed the growth in customer-to-customer transactions to the success of their branded digital go-to-market program. </p>
<p>Based on the strong business performance in Iraq, the company has raised its fiscal 2023 revenue and EPS outlook. The updated projections now indicate an EPS range of $1.63 to $1.73 (compared to the previous range of $1.53-$1.63), which is above the Street estimate of $1.62. Furthermore, the revenue growth outlook for 2023 has been revised to be in the range of (5%)-(3%), an improvement from the previous range of (9%)-(7%).</p>

NYSE:WU