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WU — The Western Union News Story

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Western Union rises after Q3 profit tops estimates

Updates

** Shares of global money transfer firm Western Union WU.N jump 10% to $8.8 after its Q3 profit beats expectations on expansion of its Travel Money business

** Company also reports Q3 revenue above estimates - 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 a slowdown in its North America retail business

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

** Including session's move, WU down 15% YTD while S&P SmallCap 600 is up 5.4%

(Reporting by Utkarsh Tushar Hathi)

((utkarshtushar.hathi@thomsonreuters.com))

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