Western Union profit falls 27 pct as costs increase
Feb 11 (Reuters) - Western Union Co, the world's largest money-transfer company, reported a 27 percent fall in fourth-quarter profit, hurt by higher compliance costs, and announced a $500 million share buyback program.
Net income fell to $173.4 million, or 31 cents per share, in the quarter ended Dec. 31, from $237.9 million, or 40 cents per share, a year earlier.
Revenue fell marginally to $1.42 billion.
- Malaysia jet sent 'pings' after going missing, sources say |
- Russia holds war games near Ukraine; Merkel warns of catastrophe |
- New York City gas explosion subject of federal probe |
- White House tried to mediate dispute between Senate, CIA panel: source
- Missing jet may have strayed to west, Malaysia military says |