ATLANTA (AP) — Equifax Inc. (EFX) on Wednesday reported fourth-quarter profit of $25.6 million.
On a per-share basis, the Atlanta-based company said it had profit of 21 cents. Earnings, adjusted for non-recurring costs, were $1.38 per share.
The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.32 per share.
The credit reporting company posted revenue of $835.3 million in the period, which missed Street forecasts. Seven analysts surveyed by Zacks expected $840.5 million.
For the year, the company reported profit of $299.8 million, or $2.47 per share. Revenue was reported as $3.41 billion.
For the current quarter ending in April, Equifax expects its per-share earnings to range from $1.15 to $1.20. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.43.
The company said it expects revenue in the range of $840 million to $855 million for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $867.1 million.
Equifax expects full-year earnings in the range of $5.60 to $5.80 per share, with revenue ranging from $3.43 billion to $3.53 billion.
Equifax shares have climbed 16 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 11 percent. In the final minutes of trading on Wednesday, shares hit $108.13, a drop of slightly more than 6 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EFX at https://www.zacks.com/ap/EFX
