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WU — The Western Union News Story

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Western Union rises after Q3 profit tops estimates

** Shares of global money transfer firm Western Union WU.N rise 2.8% to $8.37 premarket after its Q3 profit beats expectations on expansion of its Travel Money business

** Co also reports Q3 revenue above estimates, according to data compiled by LSEG

** Its consumer services segment grows by 49% in Q3, which includes the acquisition of UK-based foreign exchange retailer Eurochange

** WU acquired Eurochange in April

** However, Q3 year-on-year profit growth is relatively flat due to slowdown in its North America retail business

** WU shifted to S&P SmallCap 600 earlier this month from S&P MidCap 400 after losing market capitalization

** YTD, up to last close, WU down 23.2% while S&P SmallCap 600 .SPCY is up 4%

 (Reporting by Utkarsh Tushar Hathi)

 ((utkarshtushar.hathi@thomsonreuters.com))

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