Equifax Inc. (EFX) Wednesday reported a higher profit for the third quarter, driven mainly by higher revenues.
The Atlanta, Georgia-based company's attributable net income for the third quarter was $77.9 million or $0.64 per share, compared to $66.7 million or $0.54 per share last year.
Adjusted income for the quarter rose to $92.2 million or $0.75 per share from $80.5 million or $0.65 per share in the prior-year quarter. On average, 11 analysts polled by Thomson Reuters expected the company to earn $0.73 per share for the quarter. Analysts' estimates typically exclude special items.
Total operating revenues for the quarter grew 11 percent to $543.9 million from $490.4 million in the year-ago quarter, while twelve analysts had a consensus revenue estimate of $540.91 million for the quarter.
Looking ahead, the company expects fourth quarter adjusted earnings in the range of $0.72 to $0.76 per share and revenue to be up 8 to 10 percent. Analysts currently expect the company to earn $0.75 per share on revenue of $547.46 million for the quarter.
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