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Transunion's (TRU) revenues decline year over year in third-quarter 2023.
TransUnion (NYSE:TRU ) Q3 2023 Results Conference Call October 24, 2023 9:30 AM ET Company Participants Aaron Hoffman - Senior Vice President Chris Cartwright - President and Chief Executive Officer Todd Cello - Executive Vice President and Chief Financial Officer Conference Call Participants Kelsey Zhu - Autonomous Research Faiza Alwy - Deutsche Bank Jeff Meuler - Baird Andrew Steinerman - JPMorgan Heather Balsky - Bank of America Toni Kaplan - Morgan Stanley Ashish Sabadra - RBC Capital Markets Manav Patnaik - Barclays Andrew Nicholas - William Blair Operator Good morning. And welcome to TransUnion's 2023 Third Quarter Earnings Conference Call [Operator Instructions].
TransUnion shares slid 26% to $48.10 in late-morning trading on Tuesday, hitting a six-year low, after the provider of consumer credit scores announced third-quarter 2023 financial results that fell short of analyst expectations on both the top and bottom lines and cut its outlook for the full year. For 3Q, TransUnion reported Adjusted earnings per share (EPS) of $0.91 on $968.7 million in revenue.
TransUnion (TRU) came out with quarterly earnings of $0.91 per share, missing the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $0.93 per share a year ago.
The Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) have taken enforcement actions against consumer reporting company TransUnion, alleging multiple violations of the Fair Credit Reporting Act.
TransUnion shares fell close to 4% on Thursday after the credit bureau was slapped with fines totalling $23 million for illegal rental background checks on tenants and its credit reporting practices. In a joint statement, the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) said they took action against a rental screening subsidiary of TransUnion for violations of the Fair Credit Reporting Act.
A vast database and acquisition strategy bolster TransUnion's (TRU) growth.
CHICAGO, Sept. 26, 2023 (GLOBE NEWSWIRE) -- TransUnion (NYSE: TRU) will publish its financial results for the third quarter ended September 30, 2023, in a press release to be issued by 6:00 a.m. Central Time (CT) on Tuesday, October 24, 2023. The company will hold a conference call on the same day at 8:30 a.m. Central Time (CT) to discuss its quarterly financial results. The press release and a live webcast of the earnings conference call will be available on the TransUnion Investor Relations website at http://www.transunion.com/tru.
TransUnion's (TRU) addressable market includes the burgeoning Big Data and analytics market, which is expanding at a rapidly accelerating pace.
CHICAGO, Sept. 05, 2023 (GLOBE NEWSWIRE) -- TransUnion (NYSE: TRU) today announced that Chris Cartwright, President and CEO, will present at the Barclays Global Financial Services Conference on Tuesday, September 12, 2023. The presentation is scheduled to begin at 8:45 a.m. CT (9:45 a.m. ET). A live webcast of the presentation will be made available on the TransUnion Investor Relations website at http://www.transunion.com/tru. A replay will also be available on the company's website following the conclusion of the presentation.