-=TransUnion (TRU) reported earnings on Fri 20 Apr 2018 (b/o)

TransUnion beats by $0.05, beats on revs; guides Q2 EPS, revs above consensus; raises FY18 outlook; announces agreement to acquire U.K.-based Callcredit

• Reports Q1 (Mar) earnings of $0.57 per share, excluding non-recurring items, $0.05 better than the Capital IQ Consensus of $0.52; revenues rose 18.1% year/year to $537.4 mln vs the $507.68 mln Capital IQ Consensus.
• Co issues upside guidance for Q2, sees EPS of $0.59-0.60, excluding non-recurring items, vs. $0.57 Capital IQ Consensus Estimate; sees Q2 revs of $534-539 mln vs. $525.98 mln Capital IQ Consensus Estimate.
• Co raises guidancefor FY18, sees EPS of $2.37-2.41 (Prior $2.26-2.31), excluding non-recurring items, vs. $2.31 Capital IQ Consensus Estimate; sees FY18 revs of $2.17-2.185 bln (Prior $2.12-2.14 bln) vs. $2.13 bln Capital IQ Consensus Estimate.
• The co also announced today its agreement to purchase Callcredit Information Group, Ltd., the second largest and fastest growing consumer credit bureau in the U.K., headquartered in Leeds. TransUnion agreed to acquire Callcredit for 1 billion, which is approximately $1.4 billion at today's exchange rate. The acquisition is anticipated to close late in the second quarter or early in the third quarter pending regulatory approval.