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Equifax: 2Q Earnings Snapshot

ATLANTA (AP) _ Equifax Inc. (EFX) on Wednesday reported second-quarter earnings of $66.8 million.

The Atlanta-based company said it had profit of 55 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.40 per share.

The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.36 per share.

The credit reporting company posted revenue of $880 million in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $871.8 million.

For the current quarter ending in October, Equifax expects its per-share earnings to range from $1.41 to $1.46. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.50.

The company said it expects revenue in the range of $865 million to $880 million for the fiscal third quarter. Analysts surveyed by Zacks had expected revenue of $887.7 million.

Equifax expects full-year earnings in the range of $5.57 to $5.77 per share, with revenue ranging from $3.43 billion to $3.53 billion.

Equifax shares have risen 53% 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 $142.23, a climb of 12% 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