MoneyGram (MGI) Misses Q3 EPS by 13c; Removes Previous Guidance

MoneyGram (NASDAQ: MGI) reported Q3 EPS of $0.22, $0.13 worse than the analyst estimate of $0.35. Revenue for the quarter came in at $358 million versus the consensus estimate of $371.9 million.

Because of the introduction of lower prices, the Company is removing its previous guidance. For the fourth quarter, the Company estimates Adjusted EBITDA to be between $60 and $65 million due to the anticipated impact from lower prices, the associated marketing expense and softness in certain geographies.

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

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