$Equifax (EFX.US)$ reported 3Q earnings with quarterly sales of $1.44 billion, meeting the analyst consensus estimate. This represents a 9.33% increase over sales of $1.32 billion during the same period last year.
EPS was $1.85 per share, beating the analyst consensus estimate of $1.83 by 1.09%. Year over year, this represents a 5% increase.
"We have strong momentum in 2024 and are confident in the future of the New Equifax as we deliver strong non-mortgage revenue growth, move towards completion of our Cloud migrations, leverage our new Cloud capabilities to accelerate new product roll-outs that 'Only Equifax' can provide, and invest in new products, data, analytics, and EFX.AI capabilities which are expected to drive growth in 2024 and beyond. We are energized about the New Equifax and remain confident in our long-term 8-12% revenue growth framework that is expected to deliver higher margins and accelerating free cash flow," said Mark W. Begor, Equifax Chief Executive Officer.
In after hours trading, the stock is down 5.25% to $275.75.
