Equifax Reports Better-Than-Expected Quarterly Earnings
Equifax Inc, a leading credit reporting agency in the US, reported quarterly earnings that exceeded expectations. The company’s revenue in its mortgage business experienced a significant increase, contributing to the improved earnings.
Key Highlights
- Revenue in the mortgage business saw a significant gain
- Quarterly earnings exceeded expectations
Share Repurchase Program and Dividend Increase
In a move to boost investor confidence, Equifax announced a share repurchase program of up to $3 billion, which is expected to be completed within four years. The company also increased its cash dividend by 28% for the second quarter.
Program Details
- Share repurchase program: up to $3 billion
- Expected completion date: within four years
- Cash dividend increase: 28% for the second quarter