Equifax Upbeat Q2 Earnings, Outlook Dissapoints; Synovus Beats Estimates
- July 19th, 2023
- 369 views
Equifax Inc. (NYSE: EFX) reported second-quarter 2023 adjusted earnings per share (EPS) of $1.71, surpassing the consensus estimate of $1.67. However, the company is revising its guidance downward due to the expected impact of weaker than expected U.S. mortgage originations, leading to a reduction in full-year 2023 revenue at the midpoint to $5.300 billion.
As a result of the lower mortgage revenue, the company now anticipates a full-year 2023 adjusted EPS of $6.98, falling short of the consensus estimate of $7.17 for the period.
In after-hours, $EFX was trading at $225.89, reflecting a decline of $11.60 (-4.88%).
In other news, Synovus Financial Corp. (NYSE: SNV) announced second-quarter 2023 adjusted EPS of $1.16, slightly exceeding the consensus estimate of $1.15.
However, $SNV was trading at $34.39 in after-hours, down $0.53 (-1.52%).
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