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MoneyGram Q4 Profit Soars

RTTNews | 916 days ago

MoneyGram Q4 Profit Soars

(RTTNews) - MoneyGram International, Inc. (MGI) reported Friday a net income for the fourth quarter of $21.8 million or $0.22 per share, sharply higher than $4.2 million or $0.04 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter were $0.23 per share, compared to $0.22 per share last year.

Total revenue for the quarter increased 5 percent to $342.1 million from $324.6 million in the same quarter last year. On a constant currency basis, total revenue increased by 10 percent. Excluding the impact of Walmart, total revenue increased 13 percent on a constant currency basis.

Looking ahead, Chairman and CEO Alex Holmes said, "The company is on track to capture growth from new global customer segments through a more expansive set of fintech offerings, while reshaping our Brand position through our title partnership with MoneyGram Haas F1 Team."

Tags: MGI

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MoneyGram Promotes Brian Johnson To Succeed Larry Angelilli As CFO

MoneyGram Promotes Brian Johnson To Succeed Larry Angelilli As CFO

MoneyGram International, Inc. (MGI) announced Thursday that Brian Johnson, who currently serves as Head of Corporate Finance and Global Treasurer, has been named Chief Financial Officer, effective September 1, 2022.

RTTNews | 1120 days ago

European Shares Mostly Higher As Nvidia Outlook Lifts Sentiment

European Shares Mostly Higher As Nvidia Outlook Lifts Sentiment

European stocks were mostly higher on Thursday as Nvidia's positive results helped ease AI slowdown fears. U.K. markets underperformed as banks and utilities declined.

RTTNews | 1h 9min ago

Asian Shares Rise As Nvidia Beats Expectations

Asian Shares Rise As Nvidia Beats Expectations

Asian stocks ended mostly higher on Thursday as Nvidia's strong results quelled worries over weakening AI demand.

RTTNews | 1h 35min ago

U.S. Dollar Falls Amid Fed Rate Cut Speculation

U.S. Dollar Falls Amid Fed Rate Cut Speculation

The U.S. dollar weakened against other major currencies in the Asian session on Thursday, after the Fed official left the door open for an interest rate cut next month.

RTTNews | 1h 39min ago

Europe Car Sales Rebound In July

Europe Car Sales Rebound In July

Europe's new car sales rebounded in July on strong demand for battery electric and plug-in hybrid cars, the European Automobile Manufacturers' Association reported Thursday. Car registrations in the European Union advanced 7.4 percent year-on-year in July, offsetting June's 7.3 percent decrease. Data showed an annual rise of 39.1 percent for battery-electric and 14.3 percent for hybrid-electric

RTTNews | 2h 42min ago

U.S. Dollar Falls Against Majors

U.S. Dollar Falls Against Majors

The U.S. dollar weakened against other major currencies in the Asian session on Thursday.

RTTNews | 3h 5min ago

European Shares Seen Higher At Open

European Shares Seen Higher At Open

European stocks are seen opening broadly higher on Thursday even as Nvidia's disappointing sales forecast raised concerns about the AI spending boom.

RTTNews | 4h 34min ago

Sensex Nifty Decline On Tariff Worries

Sensex Nifty Decline On Tariff Worries

Indian shares opened on a sluggish note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect, impacting trade worth billions of dollars and risking Washington-New Delhi ties.

RTTNews | 5h 27min ago

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