Results 1 to 3 of 3
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
Hybrid View
-
07-24-2007, 09:24 AM #1
- Join Date
- May 2007
- Posts
- 2,853
AP: Western Union 2nd-quarter earnings fall 7%
Associated Press - July 24, 2007 8:44 AM ET
Western Union 2nd-quarter earnings fall 7%
ENGLEWOOD, Colo. (AP) - Englewood-based wire-transfer company Western Union says its second-quarter earnings fell seven percent, as costs associated with the company's stock-exchange listing drove expenses higher.
Net income amounted to $204.5 million for the quarter, down from 218.9 million during the same period a year ago.
Revenue rose eight percent to $1.2 billion, but the latest quarter included pre-tax costs of $47 million related to the company's listing on the stock market.
That helped push expenses 12% higher to $880.2 million.
The profits amounted to 26 cents a share, which was even with analysts' estimates.
Western Union blamed discussion about changing the country's immigration policy for a ten-percent revenue drop in its consumer-to-consumer business, and a five-percent decline in transaction volume.
Copyright 2007 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
http://kjct8.com/Global/story.asp?S=6830594
2 foreign nationals in ICE custody after alleged attempted...
05-18-2024, 07:35 AM in General Discussion