FX.co ★ Equifax Inc Q2 Profit Increases, Beats Estimates

Equifax Inc. (EFX) has announced its financial results for the second quarter, showing an increase in earnings compared to the previous year and surpassing Wall Street expectations.

The company's net income for the quarter was $163.9 million, or $1.31 per share, compared to $138.3 million, or $1.12 per share, in the same period last year.

Excluding specific items, Equifax Inc. reported adjusted earnings of $226.6 million, or $1.82 per share for the quarter.

Analysts had projected the company would earn $1.73 per share, based on data from Thomson Reuters, with estimates typically excluding special items.

Revenue for the quarter grew by 8.3%, reaching $1.43 billion, up from $1.32 billion the previous year.

Key Financial Metrics (GAAP):

- Quarterly Earnings (Q2): $163.9 million, compared to $138.3 million last year.

- Earnings Per Share (EPS, Q2): $1.31, compared to $1.12 last year.

- Quarterly Revenue (Q2): $1.43 billion, compared to $1.32 billion last year.

Guidance:

- EPS for the next quarter is projected to be between $1.75 and $1.85.

- Revenue for the next quarter is expected to range from $1.425 billion to $1.445 billion.

- Full-year EPS guidance is between $7.22 and $7.47.

- Full-year revenue is anticipated to be between $5.690 billion and $5.750 billion.