TransUnion beats by $0.03, beats on revs; guides Q4 EPS in-line, revs above consensus
- Reports Q3 (Sep) earnings of $0.49 per share, excluding non-recurring items, $0.03 better thanthe Capital IQ Consensus of $0.46; revenues rose 13.8% year/year to $498 mln vs the $475.52 mln Capital IQ Consensus.
- Adjusted EBITDA was $194 million, an increase of 17 percent (16 percent on a constant currency basis) compared with the third quarter of 2016. Adjusted EBITDA margin was 39.0 percent, an increase of 90 basis points compared with the third quarter of 2016.
- Co issues guidancefor Q4, sees EPS of $0.47-0.48, excluding non-recurring items, vs. $0.48 Capital IQ Consensus Estimate; sees Q4 revs of $482-487 mln vs. $472.77 mln Capital IQ Consensus Estimate.
- "The fourth quarter revenue guidance includes approximately 2 percent growth from acquisitions, with no significant impact on revenue and Adjusted EBITDA from foreign exchange rates. Our guidance excludes the impact of any incremental revenue from Equifax related to credit monitoring that they are providing to consumers."
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