TransUnion beats by $0.06, beats on revs; guides Q2 EPS in-line, revs in-line; guides FY16 EPS above consensus, revs above consensus :
- Reports Q1 (Mar) earnings of $0.32 per share, $0.06 better than the Capital IQ Consensus of $0.26; revenues rose 15.0% year/year to $406 mln vs the $379.96 mln Capital IQ Consensus.
- Co issues in-line guidance for Q2, sees EPS of $0.31-0.32 vs. $0.32 Capital IQ Consensus Estimate; sees Q2 revs of $405-411 mln vs. $407.81 mln Capital IQ Consensus Estimate.
- Co issues upside guidance for FY16, sees EPS of $1.30-1.34 vs. $1.26 Capital IQ Consensus Estimate; sees FY16 revs of $1.63-1.65 bln vs. $1.63 bln Capital IQ Consensus Estimate.
- "TransUnion is off to a strong start in 2016, delivering another quarter of double-digit revenue and Adjusted EBITDA growth with over 200 basis points of margin expansion," said Jim Peck, TransUnion's president and chief executive officer. "All three segments exceeded expectations by executing on our strategy, which is generating broad based and balanced growth from our core business, new product growth initiatives, and from our higher growth verticals and markets. This robust performance enabled us to raise our full year guidance for revenue, Adjusted EBITDA and Adjusted EPS. Our pipeline of innovation is focused on driving value for our customers and positions us well for long-term growth."
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