Western Union Company (NYSE:WU) shares are trading lower on Friday.
The company reported fourth-quarter adjusted earnings per share of 45 cents, beating the analyst consensus of 43 cents. Quarterly sales of $1.008 billion (down 5% year-over-year) missed the Street view of $1.045 billion.
• Western Union stock is showing notable weakness. What’s weighing on WU shares?
Quarter In Detail
The change in revenue was largely driven by growth in the company’s Consumer Services and Branded Digital businesses, offset by a slowdown in the Americas retail business.
“We strengthened our Consumer Services offerings, expanded our owned retail footprint, and accelerated our transition to a more digital-first operating model,” said Devin …