Western Union (WU) Q2 Earnings Meet, Iraq Results Dismal
WUWestern Union(WU) ZACKS·2024-08-03 03:35

Shares of The Western Union Company (WU) lost 10% since it reported second-quarter 2024 results on Jul 30. The quarterly results suffered a blow due to a revenue and operating income decline as a result of reduced Iraq contributions and increased currency volatility. Nevertheless, the Consumer Money Transfer (“CMT”) unit saw transaction growth as a result of the solid performance of the Branded Digital business. A decline in overall expenses also provided some respite to margins.WU posted second-quarter adj ...