The Western Union Company (WU) reported first-quarter GAAP operating margin of 18.8% compared to 19.1% in the prior year period, with the decline primarily attributable to higher acquisition and divestiture related expenses. The company recorded reduced earnings year-over-year primarily due to lower revenues, an increase in acquisition and divestiture related expenses, and a higher effective tax rate. Revenue was down 4% on a reported basis or an increase of 2% in adjusted constant currency terms, compared to the prior year period. Looking forward, the company expects revenue growth and profit margins to improve over the course of the year.
from RTT - Earnings http://bit.ly/2DTqPkk
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