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Legal And Restructuring Expenses Cut Into MoneyGram Q1 Earnings

PaymentsSource | Thursday, April 26, 2012

About $9.4 million in combined legal and restructuring costs, plus another $3.5 million in stock-based compensation, affected MoneyGram International Inc.’s profitability, as first-quarter earnings dropped 26.4%, to $10.3 million from $14 million a year earlier, the company reported April 26.

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