Western Union's stock experienced a significant pre-market plunge of 5.57% on Friday.
The sharp decline comes ahead of the company's scheduled first-quarter earnings release before the opening bell. Analysts expect Western Union to report quarterly earnings of 39 cents per share, down from 41 cents per share in the year-ago period, with consensus revenue estimates of $962.88 million compared to $983.6 million reported last year.
Investors appear to be reacting negatively to the anticipated year-over-year declines in both earnings and revenue, leading to the pre-market sell-off.
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