Western Union Co. (New York symbol WU) provides money-transfer and foreign-exchange services in over 200 countries.

In 2010, Western Union reported revenue of $5.2 billion. That’s up 2.1% from $5.1 billion in 2009. If you exclude the negative impact of exchange rates, revenue would have risen 3%.

The company earned $909.9 million in 2010, up 7.2% from $848.8 million in 2009. During the year, Western Union spent $584 million on share buybacks. Due to fewer shares outstanding, the growth stock pick’s earnings per share rose 12.4% to $1.36 from $1.21 the year before. If you exclude one-time items, including restructuring expenses, earnings per share would have risen 10.1%, to $1.42 from $1.29.

Meantime, Western Union continues to buy back its own shares. Its board of directors has authorized it to repurchase up to $1 billion of its stock by December 31, 2012. That’s in addition to the $416 million remaining on its current authorization.

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