MoneyGram (MGI) Misses Q1 EPS by 11c

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Go back to MoneyGram (MGI) Misses Q1 EPS by 11c

MoneyGram International Reports First Quarter 2018 Financial Results

May 7, 2018 8:30 PM EDT

DALLAS, May 7, 2018 /PRNewswire/ -- MoneyGram (NASDAQ: MGI) today reported financial results for its first quarter ended March 31, 2018.

First Quarter Financial Results

Total revenue of $380.0 million declined 2% on a reported basis and 5% on a constant currency basis compared to first quarter 2017.  Money transfer revenue was $336.6 million, representing a decrease of 1% on a reported basis and a decrease of 6% on a constant currency basis as compared to first quarter 2017.  Revenue results were in-line with the company's expectations and reflect the impact of newly implemented,... More