TransUnion (TRU) Tops Q4 EPS by 9c
TransUnion (NYSE: TRU) reported Q4 EPS of $0.44, $0.09 better than the analyst estimate of $0.35. Revenue for the quarter came in at $436 million versus the consensus estimate of $427.44 million.
"TransUnion delivered a strong fourth quarter that caps an outstanding full year in 2016," said Jim Peck, TransUnion's president and chief executive officer. "We delivered double-digit revenue, Adjusted EBITDA and Adjusted EPS growth for both the fourth quarter and full year 2016 while we continued to aggressively invest in our business for the long term. In 2016, we completed our next-generation technology platform that allows us to deliver cutting-edge innovation for our customers. We also made strategic acquisitions and invested organically in key growth initiatives, while driving meaningful margin expansion."
"In 2017, we expect another strong year of revenue, Adjusted EBITDA and Adjusted EPS growth driven by solid broad-based growth across our diversified portfolio," said Peck. "As a result of our strong financial performance, balance sheet deleveraging, and a long-term growth plan built on continuous innovation, we will begin to appropriately and opportunistically return capital to our shareholders. To that end, today we are announcing our intention to repurchase up to $300 million of stock over the next three years.
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