Recap: Western Union Q4 Earnings
Portfolio Pulse from Benzinga Insights
Western Union (NYSE:WU) reported its Q4 earnings with an EPS of $0.37, matching estimates, but saw a revenue decline of $40 million year-over-year. This follows a pattern from the previous quarter where a beat on EPS led to a 9.74% drop in share price the next day.
February 06, 2024 | 9:40 pm
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Western Union reported Q4 earnings with an EPS of $0.37, in line with estimates, but experienced a revenue decline of $40 million from the previous year.
Western Union's in-line EPS for Q4 indicates stability in earnings, but the significant year-over-year revenue decline could concern investors, potentially leading to negative sentiment in the short term. Historical context from the previous quarter, where a beat on EPS was followed by a substantial drop in share price, suggests that even meeting expectations might not prevent a negative market reaction, especially in light of declining revenue.
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