Equifax sees 2024 revenue below estimates amid mortgage market slump

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Equifax Notícia

Revenue Growth,Wall Street Estimates,Mortgage Market

Even as the U.S. Federal Reserve delivered its first rate cut in four years in late September, borrowing costs remain elevated. This strategy to boost non...

- Credit ratings firm Equifax said on Wednesday it expects full-year revenue below Wall Street estimates, as higher-for-longer interest rates continued to weigh on loan demand and kept the mortgage market stagnant, sending shares down 5% after the bell.

The company, which assesses the creditworthiness of home buyers, expects adjusted revenue for the full year between $5.70 billion and $5.72 billion, below average analysts' estimate of $5.74 billion. The company's revenue rose 9% in the third quarter to $1.44 billion. Adjusted profit came in at $1.85 per share, compared with $1.76 apiece a year earlier.

Get ready for a wave of “Let’s go, Gilly!” cheers this week at the Shriners Children’s Open in Las Vegas. That’s the nickname of Ian Gilligan, a 21-year-old senior at the University of Florida who won the SouNEW YORK — RTX Corporation, the defense contractor formerly known as Raytheon, agreed Wednesday to pay more than $950 million to resolve allegations that it defrauded the government and paid bribes to secure business with Qatar.

 

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