Equifax Has Strong SecondQuarter
ATLANTA - (07/25/06) -- Credit bureau Equifax Inc. reportedthat net income for its second quarter rose 11% to $69.6 million,or 53 cents a share. Second quarter revenues were up 7% to $387.7million. Second quarter financials included a $14.1 millionnon-taxable gain from litigation with certain selling shareholdersof Navient, Inc., a 2002 acquisition; and an $8.7 million lossrelated to litigation involving the company's Personal Solutionsunit. For the first six months of the year Equifax reported a 9%rise in net income to $132.2 million, or $1.03 a share, compared tothe first half in 2005. Revenues for the first six months were up8% to $761.7 million.