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Western Union, (NYSE: WU) offering Consumer to Consumer Money Transfers, recently announced its second-quarter net profit slipped 5% to $220.2 million from $231.5 million as revenue fell 7% to $1.25 billion from $1.35 billion. Earnings per share were unchanged at 31 cents, including a 1 cent charge related to the Reserve International Liquidity fund. Analysts polled by FactSet were expecting earnings of 30 cents a share on revenue of $1.25 billion. The group reaffirmed its forecasts for 2009 earnings of $1.18 to $1.28 and for revenue for the year to decline between 5% and 8%.
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