ET 07:01

Equifax Reports Q4 Earnings Exceeding Expectations: EFX

IMP8.0
SNT+1.0
CONF100%
Earnings

[Para 1: The Lead] Equifax Inc. (EFX) announced its fourth-quarter earnings surpassing Wall Street forecasts. The company reported a net income of $175.8 million, equating to $1.44 per share on a diluted basis, adjusted for one-time gains and costs, which was $0.35 higher than the average analyst estimate of $2.04 per share. [Para 2-3: Supporting details & Context] Revenue for the quarter stood at $1.55 billion, exceeding the forecast of $1.53 billion. For the fiscal year, Equifax reported a profit of $660.3 million, or $5.32 per share. Revenue for the year was $6.07 billion. Looking ahead, the company anticipates first quarter earnings between $1.63 and $1.73 per share, with revenue in the range of $1.6 billion to $1.63 billion. Full-year earnings are forecasted between $8.30 and $8.70 per share, with revenue expected to be between $6.66 billion and $6.78 billion.

EditorThomas Ho