New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 29, 2014
07:15 EDTWMT, MGIMoneyGram revising 2014 outlook due to Walmart-to-Walmart white label product
While first quarter results were strong and in line with its full-year forecast, the Company is revising its 2014 outlook due to the recently introduced Walmart-to-Walmart white-label product. In the first quarter, the Company earned 12 percent of total company revenue and 9 percent of total company revenue less commissions from its U.S.-to-U.S., Walmart-to-Walmart transactions. Due to the limited time the competing product has been in the market, it is uncertain what the cannibalization effect or competitive price environment will be for the U.S.-to-U.S. business. In an effort to mitigate any potential negative impact, management has initiated an accelerated cost-reduction program along with a strengthened emphasis on growing its U.S. outbound sends as well as sends originated outside of the U.S. Considering these factors, the Company now estimates full-year constant currency revenue growth to be in the range of 1 to 3 percent and estimates full-year constant currency Adjusted EBITDA growth to be in the range of 0 to 2 percent. As previously announced, the Company anticipates incurring $30 to $40 million in cash outlays over the next two years for reorganization and restructuring costs. These activities are estimated to generate annualized pre-tax cost savings of approximately $15 to $20 million on a run-rate basis exiting 2015. In the first quarter, total expenses were $3.1 million.
News For MGI;WMT From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
February 11, 2016
16:04 EDTMGIMoneyGram reports Q4 money transfer transactions grew 10%
Subscribe for More Information
16:04 EDTMGIMoneyGram sees FY16 constant currency, adjusted EBITDA growth 8%-10%
FY16 revenue consensus $1.54B.
16:03 EDTMGIMoneyGram reports Q4 adjusted EPS 23c, consensus 22c
Subscribe for More Information
February 4, 2016
06:14 EDTWMTWalmart sues Puerto Rico over tax increase, NY Times says
Subscribe for More Information
February 3, 2016
20:02 EDTWMTWal-Mart to build own gas stations going forward, WSJ says
Wal-Mart (WMT) plans to build and operate its own gas stations going forward, though Murphy USA (MUSA) will continue the operate the 1,000-plus stations it has already built near Wal-Mart locations, reports the Wall Street Journal. A Wal-Mart spokesperson told the publication that, when building new stores, the company will add its own gas stations "to as many as possible." Reference Link
February 1, 2016
08:08 EDTMGI, WMTMoneyGram, Wal-Mart announce new three-year agreement
Subscribe for More Information
January 29, 2016
06:51 EDTWMTJury says Wal-Mart must by pharmacist $31.22M in gender bias case, Reuters says
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use