Equifax cuts forecast midpoints despite double-digit quarterly revenue growth
Equifax ($EFX) reported quarterly revenue of $1.693 billion, up 10%, with growth of 9% in local currency. Net income increased 32% to $211.7 million, GAAP earnings per share rose 39% to $1.79 and adjusted earnings increased 11% to $2.26. US mortgage-related revenue grew 15% and non-mortgage revenue increased 8%, showing expansion across both categories during the quarter. Mortgage-market conditions nevertheless softened late in the period. Equifax reduced the midpoint of its full-year revenue ou
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