TransUnion reports Q2 adjusted EPS 99c, consensus 97c

Reports Q2 revenue $1.04B, consensus $1.03B. “In the second quarter, TransUnion again exceeded financial guidance,” said Chris Cartwright, President and CEO. “U.S. Markets grew due to mortgage and broad-based Emerging Verticals strength, with lending conditions largely consistent with the prior quarter. Our International segment delivered double-digit growth across India, Asia Pacific, Latin America and Canada. We continue to make good progress on our technology transformation, with OneTru already driving meaningful enhancements to our solutions and speed-to-market. OneTru enables us to build upon our core competency in consumer identity to expand further beyond credit and risk into marketing and fraud mitigation use cases. Early success adds to our confidence in increasing the pace and breadth of our innovation. We are raising our 2024 guidance and now expect to deliver 7 to 8 percent revenue growth, reflecting second quarter outperformance as well as a large breach remediation win which will materialize in the second half of the year.”