Why Equifax Stock Popped After Earnings

Rich Smith, The Motley Fool
·2 min read
Why Equifax Stock Popped After Earnings

Shares of credit rater Equifax (NYSE: EFX) jumped on the day after reporting earnings last night, and were up 16.8% at 12:20 p.m. EDT today. Heading into earnings, analysts had forecast Equifax would earn $1.53 per share, pro forma, for its fiscal first quarter 2021, on sales of $1.1 billion. In fact, Equifax reported pro forma profits of $1.97 per share, on sales of $1.2 billion.