MoneyGram International Inc.’s MGI third-quarter earnings of 24 cents per share beat the Zacks Consensus Estimate by 118% but remained unchanged year over year. A decline in expenses aided results.MoneyGram’s total revenues for the reported quarter were $347.2 million, down 13% on a reported basis and 12% on a constant currency, year over year. Revenues missed the Zacks Consensus Estimate by 8.9%.Fees and other revenues decreased 56.4% to $333.7 million, while investment revenues increased 5.8% to $13.5 million.Adjusted EBITDA margin of 17.1% remained flat year over year.Total operating expenses declined by 14.7% year over year to $358.1 million.MoneyGram International Inc. Price, Consensus and EPS Surprise MoneyGram International Inc. Price, Consensus and EPS Surprise | MoneyGram International Inc. QuoteSegment DetailsIn the Global Funds Transfer segment, money transfer revenues decreased 14% year over year to $304.2 million. Bill payment revenues also decreased 14% year over year to $17.4 million. Revenues include the impact of higher compliance standards and newly implemented corridor specific controls. MoneyGram.com revenues grew 3%. It was affected by enhanced compliance controls and introductory pricing.Total digital solutions, which include MoneyGram.com, represented 16% of total money transfer revenues. Investment revenues benefited from higher yields and investment balances and grew 75% to $13.5 million.The Financial Paper Products segment reported total revenues of $25.6 million, up 24% year over year due to a 9.4% uptick in money order revenues and a 46.8% increase in official check revenues. Adjusted operating margin improved 1480 basis points from the year-ago quarter to 37.5%.Liquidity PositionAs of Sep 30, 2018, MoneyGram had cash and cash equivalents of $208.8 million, up 9.8% from year-end 2017 levels. The company’s total assets were $4.5 billion, down 5.2% from year-end 2017 levels. The company exited the second quarter with $902 million of outstanding debt, down 0.7% from year-end 2017 levels.Adjusted free cash flow for the first nine months of 2018 was $79.9 million, up 19% year over year.Guidance Revised DownThe company is revising its full-year estimates for 2018. Revenues are expected to decline approximately 10% on a constant currency basis (compared with the earlier estimate of growth between 7% and 9%).Adjusted EBITDA is expected to decline approximately 15% on a constant currency basis (compared with constant currency adjusted EBITDA growth projection in the range of 9-11%).Zacks RankCurrently, MoneyGram carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Performance of Other Players in the SectorThe bottom line of American Express Co. AXP, MasterCard Inc. MA and Visa Inc. V beat their respective Zacks Consensus Estimate for the quarter ending Sep 30, 2018. The Hottest Tech Mega-Trend of AllLast year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.See Zacks' 3 Best Stocks to Play This Trend >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report American Express Company (AXP): Free Stock Analysis Report MoneyGram International Inc. (MGI): Free Stock Analysis Report Visa Inc. (V): Free Stock Analysis Report Mastercard Incorporated (MA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research