EFX Stock Price – Equifax Inc. Stock Quote (U.S.: NYSE)

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Equifax earnings beat after stripping out breach costs

Equifax Inc. reported fourth-quarter profit and revenue beats on Thursday afternoon. Earnings for the latest quarter rose to $172.3 million, or $1.42 per share, from $123 million, or $1.01 per share in the year-earlier period. The FactSet adjusted earnings-per-share consensus was $1.35. Equifax excluded costs related to its massive 2017 cybersecurity breach from its adjusted EPS, as it has done before, including the cost of providing its own free credit monitoring and identity theft protection to consumers. Other costs were related to investigating and fixing the breach along with legal and other professional services and came to $26.5 million in the fourth quarter and $114 million in 2017, both of which are net of insurance recoveries, according to Equifax. Fourth-quarter revenue rose to $838.5 million from $801.1 million, compared with the FactSet consensus of $825.7 million. The company also recorded a one-time net benefit of $48 million in the fourth quarter due to the U.S.’s corporate tax overhaul. Equifax shares lifted 0.5% after the bell. Company shares have declined 1.3% over the last three months, compared with a 1.3% rise in the S&P 500 .




Source : MTV