Reuters: Global Markets: Western Union profit falls as consumer business weakens

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Western Union profit falls as consumer business weakens Oct 29th 2013, 20:11 Tweet Share this Email Print Reprints Related Topics Hot Stocks » Asian Markets » A Western Union branch is seen in New York July 30, 2013. Credit: Reuters/Shannon Stapleton Tue Oct 29, 2013 4:11pm EDT (Reuters) - Western Union Co (WU.N), the world's largest money-transfer company, reported a 20 percent fall in third-quarter profit, hurt by lower revenue from its consumer business and higher expenses. Net income fell to $214.4 million, or 39 cents per share, in the quarter ended September 30, from $269.5 million, or 45 cents per share, a year earlier. Revenue fell 1 percent to $1.41 billion. Expenses rose 5 percent to $1.11 billion. (Reporting By Neha Dimri in Bangalore; Editing by Don Sebastian) Tweet this Link this Share this Digg this Email Reprints Comments (0) This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

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