TransUnion: 2Q Earnings Snapshot
CHICAGO (AP) _ TransUnion (TRU) on Tuesday reported second-quarter earnings of $55 million.
The Chicago-based company said it had net income of 29 cents per share. Earnings, adjusted for one-time gains and costs, came to 62 cents per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share.
The credit reporting company posted revenue of $563.1 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $539.4 million.
For the current quarter ending in October, TransUnion expects its per-share earnings to range from 61 cents to 62 cents.
The company said it expects revenue in the range of $592 million to $597 million for the fiscal third quarter.
TransUnion expects full-year earnings in the range of $2.42 to $2.44 per share, with revenue ranging from $2.31 billion to $2.32 billion.
TransUnion shares have risen 37 percent since the beginning of the year. The stock has risen 66 percent in the last 12 months.