Jul 17, 09:38 PM

Equifax Reports Q2 Revenue Growth to $1.430 Billion, Shares Fall 5.5% AH

Equifax ($EFX) reported its second quarter 2024 earnings with a revenue of $1.430 billion, marking a 9% increase. The company's diluted EPS for the quarter was $1.31 per share, up 17% from $1.12 per share in the same period last year. Despite a 13% decline in USIS mortgage credit inquiries, Equifax's U.S. mortgage business grew by 4%. However, the company forecast third-quarter revenue below Wall Street estimates due to a slowdown in the mortgage market, impacted by higher-for-longer interest rates. Equifax shares fell 5.5% after hours.

#Equifax #USIS #Wall Street

Written with ChatGPT (GPT-4o).

Sources

Reuters Business@ReutersBiz
2 years ago
Equifax sees Q3 revenue below estimates amid mortgage market slowdown https://t.co/QsMgRzkEzH https://t.co/gG6WfUtP33
Reuters@Reuters
2 years ago
Equifax sees Q3 revenue below estimates amid mortgage market slowdown https://t.co/BfE7dezU2C https://t.co/qSgIRvrF19
PiQ@PiQSuite
2 years ago
🔵 EQUIFAX SEES Q3 REVENUE BELOW ESTIMATES AMID MORTGAGE MARKET SLOWDOWN Consumer credit ratings firm Equifax forecast third-quarter revenue below Wall Street estimates on Wednesday as higher-for-longer interest rates continue to derail recovery in mortgage markets. Full Story… https://t.co/MX3dlCYNxV

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Equifax Reports Q2 Revenue Growth to $1.430 Billion, Shares Fall 5.5% AH

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