Western Union Reports First Quarter Results
DENVER–(BUSINESS WIRE)–The Western Union Company (NYSE: WU), a global leader in cross-border, cross-currency money movement and payments, today reported first quarter financial results and updated its 2021 financial outlook, which includes a $0.06 increase in the GAAP EPS range primarily from the sale of an investment in the second quarter of 2021.
The Company’s first quarter revenue of $1.2 billion increased 2% on both a reported and constant currency basis compared to the prior year period, including a 1% benefit from inflation in Argentina. The increase in revenue was led by strength in digital money transfer which grew 45% to a new quarterly high of $242 million.
EPS in the first quarter was $0.44. GAAP EPS in the…