Stock Market Performance of Listed Companies

WesternUnion

The stock climbed 6.6% last month to close at $17.48 on 31 July 2009. On 23 July 2009, the company in its second quarter results reported that its total revenues fell 7.0% to $1.25 billion, compared to $1.35 billion in the corresponding quarter of 2008. Operating income in the second quarter of 2009 rose 2.0% to $341.7 million, while net profit declined 5.0% to $220.2 million. Diluted earnings per share stood at $0.31 per share during the quarter.

MoneyGramInternational Inc.

The stock rose 25.8% last month to settle at $2.24 on 31 July 2009. On 28 July 2009, the company announced that it has entered into a tie-up with Samsara Pvt Ltd, a leading remittance agency in Nepal, to add MoneyGram money transfer services to Samsara's 200 partner locations in Nepal. Regional Di rector for South Asia, MoneyGram, Harsh Lambah said, “Samsara is a trusted brand in remittance services in Nepal and we're pleased to combine its expertise with MoneyGram's global network. Our expansion with Samsara instantly adds locations with banks and financial institutions and introduces MoneyGram services to rural communities such as Bardiya, Bhojpur, Dolpa, Jajarot and Salayan.”

GlobalPaymentsInc.

The stock advanced 12.9% last month to settle at $42.30 on 31 July 2009. On 23 July 2009, the company announced in its full-year results for the period ended 31 May 2009 that total revenues grew 26.0% to $1.60 billion, compared to $1.27 billion in the previous year. Operating income declined 35.77% to $161.4 million, compared to $251.4 million in 2008. The normalised diluted earnings per share grew 13% to $2.23 compared to $1.98 in the prior year.

EuronetWorldwideInc.

The stock advanced 8.5% last month to settle at $21.04 on 31 July 2009. On 28 July 2009, the company in its second quarter results announced that its revenues fell 6.0% to $248.6 million, compared to $264.5 million in the corresponding quarter of 2008. Operating income in the second quarter of 2009 rose 4.0% to $18.0 million, while net income climbed 164.4% to $15.6 million over the corresponding quarter of 2008. Diluted earnings per share stood at $0.30 per share during the quarter.

Coinstar Inc.

The stock advanced 24.5% last month, to settle at $33.23 on 31 July 2009. On 9 July 2009, the company announced that its wholly-owned subsidiary, Coinstar Money Transfer Ltd (CMT), entered into a partnership with China Construction Bank (CCB), a leading commercial bank of China. This tie-up would enable Coinstar to provide its money transfer service at the 1,500 branches across of CCB, spread across 24 Chinese provinces. Assistant General Manager of China Construction Bank, Wang Yi said, “With Coinstar Money Transfer, China Construction Bank can now provide a quality but affordable remittance service that enables all the travellers, students, workers or even customers without bank accounts to send or receive immediate cash from overseas. The CMT service will be of great help to both Chinese & expatriates here.”

Subscribe to IAMTN Newsletter

YES - I would like to know more about IAMTN actvities

Privacy by SafeSubscribe