Equifax (EFX) Tops Q2 EPS by 31c

Equifax (NYSE: EFX) reported Q2 EPS of $1.60, $0.31 better than the analyst estimate of $1.29. Revenue for the quarter came in at $982.8 million versus the consensus estimate of $921.32 million.

"Equifax delivered its second consecutive quarter of strong, double digit revenue growth and margin expansion, driven by our Workforce Solutions income and employment business which had its strongest results in over 10 years, even with the challenging economic impacts of the coronavirus pandemic in the quarter. The results reflect the strength and resiliency of our business model, our differentiated data assets, including our unique TWN employment and income data, and the importance of data and insights to help customers manage in these unprecedented times," said Mark W. Begor, Equifax Chief Executive Officer. "Our strong performance follows our momentum in the second half of 2019 and First Quarter and positions us to continue investing in our three-year over $1.25 billion EFX 2020 cloud technology, data, and security transformation, data and analytics, and new products to position Equifax for future growth."

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