TransUnion (NYSE: TRU) announced its financial results for the fourth quarter of fiscal 2017 on Tuesday. “TransUnion reported a solid fourth quarter to cap a strong year in 2017,” Jim Peck, the President and CEO of TransUnion, said in the press release today.
According to the company, revenue for the fourth quarter increased 16% from the same period last year to $506 million, beating analysts’ estimates of $488 million. Net income for the fourth quarter rose from $50 million for the fourth quarter of 2016 to $245 million, and diluted earnings was $1.29 per share, considering the influence of U.S. tax reform. Adjusted earnings per share was $0.50 for the quarter, beating estimates of $0.49 per share.
“We delivered these strong results by executing a strategy built on innovation, expansion in attractive vertical and geographic markets and an ongoing focus on enabling and empowering consumers while fully leveraging our enterprise capabilities,” he continued.
“With a track record of strong performance and sound capital allocation, we believe that TransUnion is very well positioned for further success in 2018 and beyond,” said Jim.
The company also provided guidance for the full year 2018. Revenue is expected to be in the range of $2.12 billion to $2.14 billion. Adjusted EBITDA is expected to be in the range of $817 million to $832 million. Additionally, adjusted diluted earnings per share is expected to be in the range of $2.26 to $2.31, according to the company.