By Yasin Ebrahim
Investing.com - Equifax (NYSE:EFX) reported Wednesday fourth quarter results that beat analysts' forecasts, led by its workforce solutions and strong growth in its non-mortgage and International businesses.
Equifax shares gained 1.36% in after-hours trade following the report.
Equifax announced earnings per share of $1.84 on revenue of $1.3B. Analysts polled by Investing.com anticipated EPS of $1.81 on revenue of $1.25B.
Looking ahead to Q1, EPS was expected between $2.08 and $2.18 on revenue of $1.32 billion to $1.34 billion, in-line with estimates for EPS of $2.11, but above estimates for $1.29 billion.
For fiscal 2022, adjusted EPS was guided in a range of $8.50 to $8.80 on revenue of between $5.25 billion to $5.35 billion. That compared with estimates for EPS of $8.80 on revenue of $5.34 billion.
"Our largest and fastest-growing business Workforce Solutions again powered our results, growing 29% along with strong growth contributions from USIS non-mortgage and International revenue," said Mark W. Begor, Equifax Chief Executive Officer.
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