Western Union is trading 10.9% down today at $6.74 after reporting second-quarter results that missed analyst expectations and providing a cautious outlook.
- Adjusted earnings per share came in at $0.31, falling short of the $0.43 consensus estimate and declining from $0.42 in the prior-year period.
- Revenue remained flat at $1.01 billion, while margins were pressured by increased commission expenses and the absence of previous vendor incentive payments.
- Investor concerns were further heightened by management's focus on the Intermex acquisition and a wary forward-looking stance.