Tuesday, October 20, 2009

Western Union Q3 Profits Down 25 Percent



ENGLEWOOD, Colo. -- Cash transfer company Western Union Co. said Tuesday that its third-quarter profit sank 25 percent as it set aside cash in preparation for a legal settlement.



For the three months ending Sept. 30, the company earned $181 million, or 26 cents per share, down from $240.8 million, or 33 cents per share, during the same period last year.



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