By Kelly Cloonan
Shares of Western Union rose after its third-quarter profit and revenue topped analyst estimates, helped by growth in its consumer services business.
The stock climbed 9% to $8.87 on Friday. Despite the intraday gains, shares are down 16% this year.
The financial services company posted a profit of $139.6 million, or 43 cents a share, compared with $264.8 million, or 78 cents a share, a year earlier.
Adjusted earnings per share rose to 47 cents, ahead of estimates of 43 cents a share according to analysts polled by FactSet.
Revenue was roughly flat compared to a year ago at $1.03 billion, topping analyst estimates of $1.02 billion.
Western Union's consumer services segment grew revenue by 49%, driven by the expansion of its travel money business, including the acquisition of Eurochange Limited, as well as higher revenues from its Argentina bill pay business. Revenue rose 7% in its branded digital segment.
Chief Executive Devin McGranahan said the company is working to expand its consumer services offerings, boost its presence in key markets and increase efficiency.
For the full year, the company continues to expect earnings per share of $1.45 to $1.55 on revenue of $4.09 billion to $4.19 billion.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
October 24, 2025 12:04 ET (16:04 GMT)
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