Equifax Reports Sharply Higher Earnings
ATLANTA – Credit bureau Equifax on Wednesday said an 11% rise in third quarter revenues helped fuel a 28% rise in earnings for the period.
Revenues for the company’s fiscal third quarter were $473.8 million.
Net income for the third quarter was $76.5 million, up from $59.7 million for the same period last year.
Third quarter results were fueled by the July sale of the company’s Direct Marketing Services business for $117 million.
For the first three quarters of the company’s fiscal year revenues rose 8% to $1.4 billion, while net income rose 18% to $204.5 million.