Credit-reporting agency Equifax profit falls short of estimates
Credit-reporting agency Equifax Inc. said Wednesday it had net income of $90.9 million, or 75 cents a share, in the first quarter, down from $153.3 million, or $1.26 a share, in the year-earlier period. Revenue climbed to $865.7 million from $832.2 million. The FactSet consensus was for EPS of $1.37 and revenue of $855 million. The company said it took a charge of $68.7 million in the quarter related to the hacking attack announced last September that revealed the personal data of millions of consumers. Shares rose about 1% in after-hours trade, but are down 14% in the last 12 months, while the S&P 500 has gained 12%.