Western Union (WU) Raises Long-Term EPS Growth Targets to 15%-18%, Additional $1B Buyback
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Western Union (NYSE: WU) raised its long-term EPS growth objective to 15% to 18%, up from 12% to 14%, and reaffirmed its long-term revenue growth objective of 10% to 12%, excluding acquisitions.
Western Union also announced that its Board of Directors authorized an additional $1 billion for share repurchases.
Western Union expects to deliver financial results for 2008 that will likely be at the higher end of both its revenue growth guidance of 9% to 11% and non-GAAP EPS guidance of $1.25 to $1.29.
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