Equifax: 4Q Earnings Snapshot

·1 min read

ATLANTA (AP) _ Equifax Inc. (EFX) on Wednesday reported fourth-quarter earnings of $74.5 million.

The Atlanta-based company said it had profit of 61 cents per share. Earnings, adjusted for one-time gains and costs, were $2 per share.

The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.83 per share.

The credit reporting company posted revenue of $1.12 billion in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $1.09 billion.

For the year, the company reported net income of $520.1 million, or $4.24 per share, swinging to a profit in the period. Revenue was reported as $4.13 billion.

For the current quarter ending in April, Equifax expects its per-share earnings to range from $1.45 to $1.55. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.52.

The company said it expects revenue in the range of $1.11 billion to $1.13 billion for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $1.09 billion.

Equifax expects full-year earnings in the range of $6.20 to $6.50 per share, with revenue ranging from $4.35 billion to $4.45 billion.

Equifax shares have fallen 5% since the beginning of the year, while the Standard & Poor's 500 index has increased 4%. In the final minutes of trading on Wednesday, shares hit $183, a rise of 18% 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