Western Union falls as weak retail business drives forecast cut

The Western Union

31/07/2026 10:17

** Money transfer services provider Western Union's shares WU.N fall 7% to $7.15 premarket
** Co cuts full-year adjusted EPS forecast to $1.25 - $1.35, lower than prior expectations of $1.75 - $1.85
** Co expects FY adjusted revenue growth in the range of 4% - 6%, below prior outlook of 6% - 9%
** Weakness in WU's Americas retail remittance business and delay in the Intermax acquisition weighed on margins and Q2 earnings, CEO Devin McGranahan
** Co posts Q2 adjusted EPS of 31 cents and revenue of $1 bln, both below analysts' estimates of 42 cents and $1.03 bln - data compiled by LSEG
** As of last close, stock down 17.5% YTD

(Reporting by Anand Gopal in Bengaluru)
((anandgopal.r@thomsonreuters.com))