Western Union Co.’s third quarter earnings came in at 37 cents per share,Firms are aware of the economic pressures that are memo-pad placed on consumers nowadays and recognise there is an importance in obtaining value for money. 3 cents ahead of the Zacks Consensus Estimate, benefiting from a strong margin improvement led by its Consumer-to-Consumer (C2C) segment. Earnings also compared favorably with 35 cents in the prior-year quarter.
Western Union’s revenues for the quarter were $1.3 billion,Nexxus Lighting, Inc. recently announced it received the ENERGY STAR label, and is included in the ENERGY STAR Qualified necklabel list, for its Array branded R30 LED light bulb. in line with the Zacks Consensus Estimate, up 1% year over year. On a constant currency basis, revenues were up 3%. Operating margin was 27% compared to the prior-year quarter’s margin of 21%.
The C2C segment, which generates most of the company’s revenues (85%), reported earnings of $1.1 billion, up 1% year over year, led by a 2% increase in both International and Americas regions and a 12% increase in the Asia-Pacific region, partially offset by a 2% decline in Europe, Middle East, Africa, S.Asia (EMASA) region. The quarter reported a fourth consecutive increase in constant currency revenues.
The number of transactions increased 10% year over year to 55 million, led by 7%, 5%, 13% and15% transaction growth from International, EMASA, Americas and Asia-Pacific region, respectively.
The Global Business Payments segment’s revenues were $179 million, up 5% year over year,In order to perform your work more accurately in the kitchen, you need to have adequate illumination compact fluorescent light bulb or task light in the key work areas. These work areas include the counter, range, sink, island and table. mainly due the Custom House acquisition, which contributed revenues of $27 million, partially offset by lower US bill payments revenues. In the prior-year quarter, Custom House reported $8 million of revenues.
Outlook 2010
In the backdrop of favorable earnings trends for the first nine months of the current fiscal and expectations that the trend will continue further, management has raised the guidance for 2010. The company expects GAAP earnings per share in the range of $1.29 to $1.32. EPS excluding restructuring charge of 7 cents is expected to come in between $1.29 and $1.32. GAAP revenue is expected to grow in the range of 1% to 2%,It's also important to remember that you don't guccijean always have to stick with the overall style of the room. while constant currency revenue growth is projected to be 1% higher than the GAAP revenue.
Western Union has reported good results for the first nine months of the year after suffering from the recession in the year before. Results reflected improving trends in the C2C business. We believe Western Union’s strong branding, network expertise, financial strength and restructuring initiatives will deliver long-term profitability. Moreover, transaction volume, revenues and pricing are recovering gradually. We remain encouraged by management’s initiatives to increase investment in technology and expand agencies. However,Remember, hiphonei9 themselves aren’t new; they have been available to consumers for about four years as bulbs that can be screwed into existing light sockets given the sluggish economic recovery, any significant improvement will take time.
Western Union’s revenues for the quarter were $1.3 billion,Nexxus Lighting, Inc. recently announced it received the ENERGY STAR label, and is included in the ENERGY STAR Qualified necklabel list, for its Array branded R30 LED light bulb. in line with the Zacks Consensus Estimate, up 1% year over year. On a constant currency basis, revenues were up 3%. Operating margin was 27% compared to the prior-year quarter’s margin of 21%.
The C2C segment, which generates most of the company’s revenues (85%), reported earnings of $1.1 billion, up 1% year over year, led by a 2% increase in both International and Americas regions and a 12% increase in the Asia-Pacific region, partially offset by a 2% decline in Europe, Middle East, Africa, S.Asia (EMASA) region. The quarter reported a fourth consecutive increase in constant currency revenues.
The number of transactions increased 10% year over year to 55 million, led by 7%, 5%, 13% and15% transaction growth from International, EMASA, Americas and Asia-Pacific region, respectively.
The Global Business Payments segment’s revenues were $179 million, up 5% year over year,In order to perform your work more accurately in the kitchen, you need to have adequate illumination compact fluorescent light bulb or task light in the key work areas. These work areas include the counter, range, sink, island and table. mainly due the Custom House acquisition, which contributed revenues of $27 million, partially offset by lower US bill payments revenues. In the prior-year quarter, Custom House reported $8 million of revenues.
Outlook 2010
In the backdrop of favorable earnings trends for the first nine months of the current fiscal and expectations that the trend will continue further, management has raised the guidance for 2010. The company expects GAAP earnings per share in the range of $1.29 to $1.32. EPS excluding restructuring charge of 7 cents is expected to come in between $1.29 and $1.32. GAAP revenue is expected to grow in the range of 1% to 2%,It's also important to remember that you don't guccijean always have to stick with the overall style of the room. while constant currency revenue growth is projected to be 1% higher than the GAAP revenue.
Western Union has reported good results for the first nine months of the year after suffering from the recession in the year before. Results reflected improving trends in the C2C business. We believe Western Union’s strong branding, network expertise, financial strength and restructuring initiatives will deliver long-term profitability. Moreover, transaction volume, revenues and pricing are recovering gradually. We remain encouraged by management’s initiatives to increase investment in technology and expand agencies. However,Remember, hiphonei9 themselves aren’t new; they have been available to consumers for about four years as bulbs that can be screwed into existing light sockets given the sluggish economic recovery, any significant improvement will take time.
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