Why Information & Insights Company TransUnion's Shares Are Tumbling Today
TransUnion (NYSE: TRU) shares are trading lower by around 25% after the company reported worse-than-expected Q3 FY23 financial results, issued Q4 adjusted EPS and revenue guidance below estimates, and lowered FY23 guidance.
The company reported revenue of $968.7 million (+3% Y/Y in reported and constant currency basis), missing the consensus of $982.3 million.
Revenue growth was driven by strength in International and Neustar, partly offset by higher end-market softness in U.S. Markets and the U.K.
Adjusted EBITDA rose ...
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