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Equifax Sets a New Record

Equifax Inc., one of the largest credit reporting agencies, posted a profit of $62.5 million for the third quarter. Strong revenue growth in North America and Latin America contributed to the record earnings.

The $62.5 net income from continuing operations this quarter on $375.3 million in revenue compares with net income of $53.2 million on $319.9 million in revenue in the third quarter of 2004 - a 17 percent increase. Earnings were up 47 cents a share, also a 17 percent increase.

Operating profit margin decreased to 29 percent from 30 percent in the third quarter of 2004. Total debt decreased by $47 million to $608 million from December 31, 2004.

Click here for more details about Equifax's earnings.

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