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Equifax: 2Q Earnings Snapshot

07/22/2020 | 05:13pm

ATLANTA (AP) _ Equifax Inc. (EFX) on Wednesday reported second-quarter earnings of $95.9 million.

The Atlanta-based company said it had net income of 78 cents per share. Earnings, adjusted for non-recurring costs, came to $1.60 per share.

The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share.

The credit reporting company posted revenue of $982.8 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $923.6 million.

Equifax shares have climbed 20% since the beginning of the year, while the Standard & Poor's 500 index has climbed slightly more than 1%. In the final minutes of trading on Wednesday, shares hit $168.01, an increase of 22% 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

Automated Insights, source Associated Press News

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