Categories Earnings, Finance

MoneyGram International (MGI): Q3 2019 Earnings Snapshot

— MoneyGram International Inc. (NASDAQ: MGI) reported Q3 2019 loss of $0.03 per share, vs. EPS of $0.03 expected.

— Revenues fell 6% to $325 million, vs. $334 million expected.

— Money transfer revenue was $285 million.

— Investment revenue was $13.4 million.

— Total digital transactions represented 20% of money transfer transactions.

— Q4 2019 total revenue is expected to be approx. $330 million.

— MGI shares were up 0.76% in premarket hours on Friday.

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