The Englewood, CO-based company reported second quarter net income of $189.3 million, or 41 cents per share on an adjusted basis, on revenue of $1.38 billion.
Analysts' on average were expecting the company to report earnings of 39 cents per share on revenue of $1.35 billion.
The company also raised its full year earnings outlook to between $1.60 and $1.67 per share from its previous view between $1.58 and $1.65 per share.
"We posted another quarter of solid results, with improved constant currency revenue trends across all our business segments, despite some geopolitical and global economic challenges. Westernunion.com growth also accelerated in the quarter. Our global digital presence is expanding quickly, as we continue to advance our omnichannel strategy for cross border money movement," said CEO Hikmet Ersek.
TheStreet Ratings team rates WESTERN UNION CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate WESTERN UNION CO (WU) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, attractive valuation levels and good cash flow from operations. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."