Equifax (EFX) Beats Q3 Earnings Estimates, Cuts '19 EPS View
Zacks Investment Research | Oct 24, 2019 08:26AM ET
Equifax Inc. (NYSE:EFX) reported solid third-quarter 2019 results, wherein the company’s earnings and revenues surpassed the Zacks Consensus Estimate.
Adjusted earnings of $1.48 per share beat the consensus mark by 4 cents and improved 4.9% on a year-over-year basis. The reported figure exceeded the guided range of $1.41-$1.46.
Revenues of $875.7 million outpaced the consensus estimate by $2.5 million and improved 5% year over year on a reported basis and 7% on a local currency basis. The reported figure came within the guided range of $865-$880 million.
During the reported quarter, Equifax entered into a partnership with Urjanet while continuing to progress well in its multi-year $1.25 billion EFX 2020 cloud technology and security transformation program.
So far this year, shares of Equifax have gained 49.7% compared with 32.3% rise of the Original post
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