(Il Sole 24 Ore Radiocor) - Milano, 24 apr - Western Union said its net income in the first quarter was 64.7 million dollars, or 0.20 dollars per share, compared to 123.5 million, or 0.36 per share, in the same period last year.

On an adjusted basis, earnings in the period were 0.25 dollars per share from 0.41 a year earlier. Analysts polled by FactSet expected 0.39 dollars per share.

Revenue in the three months ended March 31 were 982.7 million dollars compared with 983.6 million a year prior. Analysts expected 960.6 million dollars.

"First quarter results reflect the continued challenges in our Americas retail business as well as a few discrete items affecting the quarter," CEO Devin McGranahan said.

The Denver-based company reiterated its full-year guidance for non-adjusted revenue growth of 5-8% and adjusted earnings of 1.75-1.85 dollars per share.

Analysts were projecting full-year adjusted earnings of 1.79.

dollars per share.

(RADIOCOR) 24-04-26 16:57:47 (0541) 5 NNNN