Jul. 21 at 1:04 PM
$EFX beat this quarter top and bottom line and guidance within forecast
narrowed its earnings and revenue outlook for the full year after its profit fell despite higher revenue in
the latest completed quarter.
The credit-reporting bureau on Tuesday said it now expects
$6.71 billion to
$6.78 billion in revenue for the full
year, and adjusted earnings of
$8.39 to
$8.69 a share. It had previously set targets for
$6.69 billion to
$6.81 billion
in revenue and adjusted earnings of
$8.34 to
$8.74 a share.
In the current quarter, the company is targeting revenue of
$1.68 billion to
$1.71 billion. Analysts polled by FactSet
had been projecting
$1.71 billion. Adjusted earnings should hit
$2.15 to
$2.25
Stripping out one-time items, adjusted earnings were
$2.25 a share. Analysts polled by FactSet had been expecting $
2.20 a share.
Revenue meanwhile was up 11% at
$1.7 billion, topping analyst estimates. The company pulled in more mortgage revenue
and saw strength across its business units.
