Strong Earnings Growth Reported in Record Quarterly Results
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Diluted EPS for the quarter was $1.95, up 38% year-over-year. Adjusted diluted EPS was a record $2.06, up 18%.
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Net revenue for the quarter was a record $480.5 million, up 9% compared to last year.
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Reaffirmed high end of full year organic net revenue growth guidance of 7-9%. Data and Access Solutions growth target remains 7-10%.
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Lowered full year adjusted operating expense guidance to $754-$762 million from $766-$774 million.
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Effective tax rate on adjusted earnings now expected to be 27.5-29.5%, down from 28.5-30.5%.