- Western Union ( NYSE: WU ) on Wednesday projected Q3 results above Street estimates a day before its investor event.
- The firm expects to report Q3 adj. EPS of $0.42 vs. consensus estimate of $0.39.
- Western Union ( WU ) expects Q3 revenue of $1.1B, down 15% Y/Y on a reported basis and 6% on a constant currency basis excluding contribution from business solutions. Consensus estimate is $1.08B.
- Suspension of operations in Russia and Belarus impacted revenue by ~3 percentage points and inflation in Argentina benefited revenue by ~1 percentage point.
- Adj. operating margin, excluding contribution from business solutions, is estimated to be 20.6%.
- Western Union ( WU ) also reiterated its 2022 guidance.
- The company will release its Q3 results on Nov. 1.
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Western Union guides Q3 earnings above estimates, maintains FY outlook