TransUnion (TRU), a leading consumer credit reporting agency, announced its third-quarter financial results on Wednesday, revealing a net income of $68 million, or $0.35 per share. This reflects a significant turnaround from a loss of $319 million, or $1.65 per share, recorded in the same period last year.
The previous year's figures were adversely affected by a $414 million non-cash goodwill impairment charge related to the company's United Kingdom reporting division.
Excluding non-recurring items, the company's earnings amounted to $205 million, or $1.04 per share, surpassing the average analyst expectation of $1.01 per share. These estimates commonly exclude special items.
TransUnion reported an operating income of $156.4 million, compared with an operating loss of $236.3 million from the previous year.
Quarterly revenue increased to $1.085 billion from $968.7 million in the corresponding period last year, outperforming the anticipated $1.06 billion forecasted by analysts.
Looking ahead to the fourth quarter, TransUnion forecasts revenue between $1.014 billion and $1.034 billion. Earnings per share (EPS) are projected to range from $0.34 to $0.39, with an adjusted EPS prediction between $0.92 and $0.98. The consensus estimate for earnings stands at $0.97 per share, with expected revenue of $1.02 billion.
For the full fiscal year, the company anticipates generating revenue between $4.161 billion and $4.181 billion, with EPS ranging from $1.45 to $1.51 and adjusted EPS between $3.87 and $3.93. Analysts project annual earnings of $3.87 per share, with total revenue reaching approximately $4.14 billion.
