- 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.