Equifax: 3Q Earnings Snapshot

October 23, 2019 GMT

ATLANTA (AP) _ Equifax Inc. (EFX) on Wednesday reported third-quarter earnings of $81.1 million.

The Atlanta-based company said it had profit of 66 cents per share. Earnings, adjusted for one-time gains and costs, were $1.48 per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.44 per share.

The credit reporting company posted revenue of $875.7 million in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $873.2 million.

For the current quarter ending in December, Equifax expects its per-share earnings to range from $1.47 to $1.52. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.55.

The company said it expects revenue in the range of $885 million to $900 million for the fiscal fourth quarter. Analysts surveyed by Zacks had expected revenue of $884 million.

Equifax expects full-year earnings in the range of $5.55 to $5.60 per share, with revenue ranging from $3.51 billion to $3.52 billion.

Equifax shares have climbed 50% since the beginning of the year, while the Standard & Poor’s 500 index has risen 20%. In the final minutes of trading on Wednesday, shares hit $139.33, a rise of 17% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EFX at https://www.zacks.com/ap/EFX