Equifax Beats Q4 Estimates, But Mortgage Headwinds Cloud FY24 Forecast



Equifax Inc (NYSE:EFX) shares are trading higher after the company after the company reported fourth-quarter FY23 results.

Revenues of $1.327 billion, up 11% Y/Y and 14% Y/Y in non-mortgage local currency, beating the consensus of $1.313 billion.

Workforce Solutions revenues rose 10% Y/Y to $559.5 million, reflecting strong growth of 17% in non-mortgage revenue and 27% in Verification Services non-mortgage revenue growth.

U.S. Information Solution revenues rose 5% Y/Y to $427.7 million, with 16% mortgage revenue growth and 3% non-mortgage revenue growth.

The company witnessed solid new product innovation in Equifax Cloud business, with Vitality Index …

Full story available on Benzinga.com


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