* Q2 loss/shr $0.31 vs est loss/shr $0.28
* Q2 rev fell 3 pct to $283.6 mln
* Says Q2 had $1.9 mln costs related to restructuring
* Sees $45 mln-$50 mln future restructuring costs
July 30 Payment services company MoneyGram
International Inc (MGI.N) posted a wider-than-expected
quarterly loss, hurt partly by lower investment revenue and
The company said it incurred $1.9 million in costs related
to restructuring and reorganization activities during the
second quarter, and expects future realignment expenses to
range between $45 million and $50 million.
For the second quarter, net loss available to common
shareholders was $25.8 million, or 31 cents a share, compared
with a loss of $33 million, or 40 cents a share, last year.
Total rev was $283.6 million, down 3 percent from last
Analysts on average were looking for a loss of 28 cents a
share, before items, on revenue of $299.2 million, according to
Thomson Reuters I/B/E/S.
Shares of the company closed at $2.66 Thursday on the New
York Stock Exchange.
(Reporting by Brenton Cordeiro in Bangalore; Editing by