MoneyGram International Inc., the world’s second-largest money transfer provider, fell the most in five months after posting profit that missed analysts’ estimates and lowering its revenue forecast for the year.

MoneyGram dropped 10 percent to $6.96 at 10:08 a.m. in New York, the most intraday since Feb. 11. The stock has climbed 9.3 percent this year, compared with the 6.7 percent gain of the Russell 2000 Index.

Second-quarter profit excluding some items was 15 cents a share, the Dallas-based firm said Friday in a statement. That missed by five cents the average estimate of 13 analysts surveyed by Bloomberg. Net income was $3.1 million compared with $12.4 million loss a year earlier.

MoneyGram said it expects revenue growth adjusted for currency fluctuations of 7 percent to 9 percent for the year, down from its previous forecast of 8 percent to 10 percent.

“Economic and geopolitical issues in certain countries accelerated during the quarter and impacted our top-line performance,” Chief Executive Officer Alex Holmes said in the statement. Reducing the firm’s revenue forecast “reflects the ongoing impact of slower growth in these countries,” he said.

Subscribe Now

Authoritative analysis and perspective for every segment of the payments industry

14-Day Free Trial

Authoritative analysis and perspective for every segment of the industry