Western Union (WU) Q4 Earnings Beat on High CMT Transactions

The Western Union Company (WU) reported fourth-quarter 2023 adjusted earnings per share (EPS) of 37 cents, which beat the Zacks Consensus Estimate by 2.8%. The bottom line rose 15.6% year over year.Total revenues declined 3.7% year over year on a reported basis or grew 3% on a constant-currency basis to $1.05 billion. The top line beat the Zacks Consensus Estimate by 4.8%.The better-than-expected quarterly earnings were due to strength in the branded digital business, growth in transactions, disciplined exp ...