The company’s revenue also fell 7 percent to USD 1.3 billion, while Q2 profits slipped 4.9 percent year-over-year, with earnings per share remaining flat at USD 0.31. Western Union’s transactions for its dominant consumer-to-consumer segment rose by 3 percent.
According to Reuters, the company reiterated its revenue and earnings per share outlook for the remainder of 2009, estimating a drop of between 2 and 5 percent for its currency revenue as well as earnings per share ranging between USD 1.16 and USD 1.26.
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