MoneyGram (MGI) Misses Q4 EPS by 4c, Revenue Beats
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MoneyGram International Reports Fourth Quarter and Full Year 2016 Financial Results
March 15, 2017 5:00 PM EDTDALLAS, March 15, 2017 /PRNewswire/ -- MoneyGram (NASDAQ: MGI) today reported financial results for its fourth quarter and full year ended December 31, 2016.
Fourth Quarter Financial Results
Total revenue was $416.2 million, an increase of 3% on a reported basis and 4% on a constant currency basis as compared to fourth quarter 2015. Money transfer revenue was $369.9 million, representing an increase of 3% on a reported basis and 4% on a constant currency basis as compared to fourth quarter 2015. Digital money transfer revenue grew 16% over the prior year, and represented 14% of... More