Western Union gains after raising annual profit forecast

The Western Union

27/07/2023 15:57

** Shares of Western Union  WU.N  up ~2.6% at $12.77 in
mid-morning trading
    ** Co raised its annual adjusted EPS forecast for 2023 after
markets closed on Wednesday to a range of $1.65 to $1.75 vs
$1.55 to $1.65 earlier 
    ** Co posted Q2 adjusted profit of 51 cents per share,
beating ests of 39 cents per share, according to Refinitiv 
    ** WU recorded the highest growth in its C2C business since
2021 in Q2 as both money transfer revenue and transactions
surged 4%
    ** Including session gain, shares in WU down ~7.3% YTD

 (Reporting by Manya Saini in Bengaluru)
 ((Manya.Saini@thomsonreuters.com))