MoneyGram (MGI) Tops Q2 EPS by 5c

MoneyGram (NASDAQ: MGI) reported Q2 EPS of $0.21, $0.05 better than the analyst estimate of $0.16. Revenue for the quarter came in at $374.6 million versus the consensus estimate of $387.88 million.

Outlook:

Including the impact of new compliance standards and Walmart2World service, the company estimates full year 2018 constant currency revenue to decline between 4% and 6%. Adjusted EBITDA on a constant currency basis is expected to decline between 8% and 10%.

For earnings history and earnings-related data on MoneyGram (MGI) click here.

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