Western Union competitor WorldRemit is targeting its first profit next year [CNBC]
Western Union Company (The) (WU)
Last western union company (the) earnings: 2/11 04:05 pm
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US:NYSE Investor Relations:
ir.westernunion.com/investor-relations/default.aspx
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Source: CNBC
CEO Ismail Ahmed told CNBC that he believes WorldRemit will reach profitability by next year. The company raised $40 million in a venture capital round that brought total funding to $220 million last year. Ahmed said that the business is highly focused on Africa, with half of customers based in the continent. Published 17 Mins Ago Updated Moments Ago CNBC.com John Phillips | Getty Images | TechCrunch Money transfer start-up WorldRemit expects to turn a profit in 2019, its chief executive said Tuesday. Ismail Ahmed told CNBC that, despite the firm's heavy investment in partnerships and user acquisition, he believes it will reach profitability by next year. Even with the amount of investment we're making in customer acquisition and branding, we are targeting to achieve profitability next year, Ahmed said in a phone call. We're talking about an acceleration of growth here now. We're investing h
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WU
News
- The Western Union Company (NYSE:WU) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Western Union First Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- The Western Union Company (NYSE: WU) had its price target raised by analysts at JPMorgan Chase & Co. from $13.00 to $14.00. They now have an "underweight" rating on the stock.MarketBeat
- The Western Union Company (NYSE: WU) had its price target raised by analysts at Evercore ISI from $14.00 to $15.00. They now have an "in-line" rating on the stock.MarketBeat
- Here's What Key Metrics Tell Us About Western Union (WU) Q1 Earnings [Yahoo! Finance]Yahoo! Finance
WU
Earnings
- 4/24/24 - Beat
WU
Sec Filings
- 4/24/24 - Form 4
- 4/24/24 - Form 10-Q
- 4/24/24 - Form 8-K
- WU's page on the SEC website