Western Union Crushed After Earnings (WU)

Western Union WU released its first quarter earnings results after the closing bell on Tuesday. The company reported adjusted net income of $0.35 per share compared to $0.30 per share in the year ago period. This compared to analysts' consensus EPS estimates of $0.34. Total revenues for the quarter were $1.283 billion compared $1.233 billion in last year's corresponding quarter. Wall Street analysts had consensus revenue estimates of $1.28 billion going into the report. Looking ahead, WU continues to expects adjusted earnings per share between $1.47 and $1.52 for fiscal 2011. Wall Street analysts are currently projecting that the company will report EPS of $1.51 on revenues of $5.41 billion.