Goldman Sachs discusses The Western Union Company WU earnings pre-announcement, as the company released preliminary numbers ahead of its investor day, which is today.
In the research note, Goldman writes, "On the C-to-C side, WU management estimates that revenue increased by 1% yoy or 3% yoy on a constant-currency basis, which is slightly better than our current forecast of -1% yoy. On the C-to-B side, management estimates that revenue increased by 4% yoy including Custom House or decreased 7% excluding Custom House, which compares to our current forecast of -2% including Custom House or -14% yoy excluding Custom House."
Shares of Western Union gained 4 cents yesterday to close at $17.40.
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