Western Union (NYSE: WU) reported Q3 EPS of $0.52, $0.04 better than the analyst estimate of $0.48. Revenue for the quarter came in at $1.39 billion versus the consensus estimate of $1.43 billion.

“Third quarter results were solid, driven by continued double-digit revenue growth from westernunion.com and strong profitability,” said president and CEO Hikmet Ersek. “Strategically, we made good progress on key initiatives, including advancing our digital expansion efforts and adding new cross-border payments opportunities.”

Ersek added, “Westernunion.com money transfer services are now available in more than 50 countries and territories, with the capability to send to agent locations and accounts around the world. We are also pleased to open our unique global money movement platform to new partners. Our collaboration with Amazon will allow international e-commerce customers to shop global and pay local, as they can use our network to pay in person for online purchases in select countries.”

GAAP earnings per share in the quarter was $0.46 compared to $0.51 in the prior year period. On an adjusted basis, earnings per share was $0.52 compared to $0.53 in the prior year period. The decrease in GAAP and adjusted earnings per share was primarily due to higher tax rates in the current year period, partially offset by the impact of increased operating profit margins.

Executive vice president and CFO Raj Agrawal stated, “Effective cost management and our WU Way lean management programs contributed to a strong increase in operating margins in the quarter. We also continued our shareholder friendly capital allocation, with over $600 million in dividends and share repurchases year-to-date.”

GUIDANCE:

Western Union sees FY2018 EPS of $1.88-$1.95, versus the consensus of $1.85.

For earnings history and earnings-related data on Western Union (WU) click here.