TransUnion (NYSE:TRU), the Chicago-based credit reporting agency, reported a disappointing Q3 performance with a loss of $399.8 million, equivalent to $2.07 per share. After adjusting for asset impairment and non-recurring costs, the earnings stood at 91 cents per share, missing Wall Street's expectations of 95 cents per share as compiled by Zacks Investment Research from 14 analysts.
In addition to the earnings miss, TransUnion's Q3 revenue also fell short of expectations. The firm reported revenue of $968.7 million, compared to the anticipated $982 million.
Looking ahead, TransUnion has provided its guidance for Q4 and full-year earnings. For the fourth quarter, the company expects earnings per share to range between 67 and 72 cents and projects revenue between $917 million and $932 million. The full-year earnings are expected to be in the range of $3.24 to $3.28 per share, with total revenue estimated between $3.79 billion and $3.81 billion.
These projections come at a time when financial institutions and investors are closely monitoring the performance of credit reporting agencies amidst economic uncertainties. The data used in this report was sourced from Automated Insights using Zacks Investment Research data.
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