Equifax: Q1 Earnings Snapshot

ATLANTA (AP) — ATLANTA (AP) — Equifax Inc. (EFX) on Wednesday reported first-quarter profit of $112.4 million.

The Atlanta-based company said it had net income of 91 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.43 per share.

The results topped Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $1.37 per share.

The credit reporting company posted revenue of $1.3 billion in the period, also surpassing Street forecasts. Fourteen analysts surveyed by Zacks expected $1.28 billion.

For the current quarter ending in June, Equifax expects its per-share earnings to range from $1.60 to $1.70. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.68.

The company said it expects revenue in the range of $1.31 billion to $1.33 billion for the fiscal second quarter. Analysts surveyed by Zacks had expected revenue of $1.21 billion.

Equifax expects full-year earnings in the range of $7.05 to $7.35 per share, with revenue ranging from $5.28 billion to $5.38 billion.


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

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