Western Union WU has seen significant operational improvements by using its global network of financial experts and expertise. But, shares fell in price after last month’s earnings report for the third quarter. In addition, with analysts expecting slower revenue growth by the company in the coming quarter, is it worth adding the stock to one’s portfolio? Let’s see what the Western Union Company (NYSE 🙂 is all about. It operates in Englewood Colorado and is an international leader in cross-border money transfer and payments services. The company is well-positioned to respond to the growing demand for transborder payments and money movement thanks its expertise and technology.

However, WU’s stock has declined 18.1% in price year-to-date and 9.5% over the past three months. Yesterday’s closing trading session was $17.96. It is trading 32.5% less than its 52 week high of $26.61.

Recent results for the third quarter showed that WU beat consensus estimates on earnings, but revenues were below expectations. WU is expected to post total revenue of approximately $1.29billion for the fourth quarter. That brings its full-year figure to $5.08billion. Its 2019 number was 4% lower. Investors have been cautious due to the slow recovery of WU stock.

Continue reading on StockNews