DENVER – Western Union, spun off from First Data Corp. last October, said yesterday that first quarter earnings declined 12%, compared to the first quarter last year when the company was part of First Data. First quarter earnings of $193.2 million, or 25 cents a share, were hindered by $15 million of expenses accrued as a public company. Revenues grew by 8% for the quarter to $1.13 billion, slower than expected, because ongoing challenges within the U.S. and Mexican markets that were affected by the ongoing immigration debate. Domestic transactions declined by 6% in the first quarter, as the immigration debate continued to take a toll.
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