Equifax Inc (EFX) reported third-quarter profits that surpassed Wall Street projections. The company achieved a net income of $123.9 million, translating to earnings of $1.13 per share. This is a slight increase from the $123.0 million, or $1.31 per share, recorded in the same quarter of the previous year.
Excluding specific items, Equifax posted adjusted earnings of $231.8 million, or $1.85 per share, for the quarter. On average, analysts had anticipated earnings of $1.83 per share, based on data gathered by Thomson Reuters. It's important to note that analyst forecasts usually exclude special items.
The company's revenue for the quarter experienced a 9.2% increase, reaching $1.441 billion, up from $1.319 billion in the prior year.
A breakdown of Equifax Inc's earnings (GAAP) for Q3 includes:
- Earnings: $123.9 million, compared to $123.0 million in the previous year.
- Earnings Per Share (EPS): $1.13, down from $1.31 last year.
- Revenue: $1.441 billion, an improvement from $1.319 billion a year earlier.
Guidance:
- Anticipated EPS for the next quarter: $2.08 - $2.18
- Projected revenue for the next quarter: $1.438 - $1.458 billion
- Expected full-year EPS: $7.25 - $7.35
- Estimated full-year revenue: $5.700 - $5.720 billion
