Global payment leader Western Union (NYSE:WU) reported third-quarter results today after the markets closed, showing that it posted net sales of $1.41 billion, down less than 1% from the $1.42 billion in the same period in the previous year, and pretty much in line with the $1.4 billion Capital IQ consensus estimate.

However, net income came in at $214.4 million, or $0.39 per share, down 20% from $269.5 million, or $0.45 per share, in the same period in 2012, but $0.04 per share better than the CapIQ estimates of $0.35 per share.

Western Union is experiencing pressure from previously implemented price reductions in certain corridors despite the transaction gains it made, such as its consumer money transfer transactions, which grew 9% year over year.

The global payment leader did raise the low end of its earnings guidance to a range of $1.38 to $1.43 per share from its prior forecast of $1.33 to 1.43 per share, but it still came in light of analyst expectations of $1.44 per share. It also increased its expectations for EBITDA margins of 25%, up from prior forecasts of 24.5%, and operating cash flows of $1 billion, up from $900 million previously.

Shares of Western Union closed down today 0.31%, or $0.06, to $19.24.

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool recommends Western Union. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.