ATLANTA – Equifax reported a 13% decline in third quarter net, even as revenues rose almost 4%, as the company spent $44 million on share repurchases during the quarter.
Third quarter results included $66.7 million in net income, compared to $76.5 million for the same period last year. For the first nine months of the fiscal year net income was down 22% to $158.5 million, even as revenues rose by more than 5%.
Third quarter revenues for the company’s core U.S. Consumer Information Solutions was up 4% to $202 million, while international operations reported a 3% decline to $118.6 million. The company reported a 4% increase in revenues form its TALX unit to $102.8 million for the third quarter.
Fourth quarter net income was $880 million, compared to $774 million for the same period last year, and fiscal year net was up 23% to $3.65 billion.
