Stock Alert: Equifax Shares Down 3%

(RTTNews) - Shares of Equifax Inc. (EFX) are currently trading at $156.64, down $5.71 or 3.52% Thursday morning, with trading volume of 247K versus an average volume of 689K shares.

The company's net income for the third quarter was $224.2 million or $1.82 per share compared to $81.1 million or $0.66 per share last year. Revenue for the quarter was $1.07 billion, 22% higher than the previous year's revenue of $875.7 million.

Analysts polled by Thomson Reuters expected earnings of $1.60 per share on revenue of $1 billion for the quarter. Analysts' estimate typically exclude certain special items.

Mark Begor, Equifax Chief Executive Officer, said, "Equifax delivered its third consecutive quarter of strong, double digit growth and margin expansion while generating over $1 billion of quarterly revenue for the first time. Amidst the challenging economic impacts of the coronavirus pandemic, both our Workforce Solutions income and employment business, enabled by accelerating new product innovation and record growth, and our US Information Services business, performed very well..."