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MoneyGram -8% after light Q4 profit

Feb. 11, 2019 4:17 PM ETMoneyGram International, Inc. (MGI) StockBy: Clark Schultz, SA News Editor1 Comment
  • MoneyGram International (NASDAQ: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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