WASHINGTON (dpa-AFX) - Equifax Inc. (EFX) Wednesday reported a higher profit for the second quarter, driven mainly by a double-digit growth in revenues.
The Atlanta, Georgia-based company's attributable net profit for the second quarter was $76.4 million or $0.62 per share, compared to $34.5 million or $0.28 per share last year.
Adjusted income for the quarter rose to $90.7 million or $0.74 per share from $76.5 million or $0.61 per share in the prior-year quarter. On average, 11 analysts polled by Thomson Reuters expected the company to earn $0.72 per share for the quarter. Analysts' estimates typically exclude special items.
Total operating revenues for the quarter grew 10 percent to $535.8 million from $487.1 million in the prior-year quarter. Eleven analysts had a consensus revenue estimate of $530.85 million for the quarter.
Looking ahead, the company expects third quarter adjusted earnings in the range of $0.71 to $0.74 per share. Analysts currently expect the company to earn $0.74 per share for the quarter.
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