NYSE:TRUProfessional Services
TransUnion (TRU) Stock Jumps On Strong Guidance While Debt Concerns Linger
TransUnion stock ripped 8.5% higher to US$83.80 today after Q2, a sharp move for a credit bureau that usually trades on slow and steady expectations. The market is cheering one thing above all else: management lifted full year guidance after adjusted earnings per share beat the top of the company’s own range, and revenue landed ahead of plan.
Short term traders are reacting to the guidance upgrade and beat. Longer term investors are weighing that enthusiasm against a balance sheet where debt...