MoneyGram -8% after light Q4 profit

|About: MoneyGram International, ... (MGI)|By:, SA News Editor

MoneyGram International (NYSE:MGI) falls sharply after Q4 results disappoint. The company scratched out a $0.01 profit for the quarter after analysts expected EPS of $0.12.

Adjusted EBITDA fell 11% Y/Y to $60M during the quarter. Adjusted free cash flow was $21.1M vs. $25.7M a year ago.

Looking ahead, MoneyGram expects FY19 revenue growth of -4% to -2%, which has a midpoint below the consensus estimate.

MGI -8.5% AH.

Previously: MoneyGram misses by $0.11, misses on revenue (Feb. 11)

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