Feb 6 (Reuters) - Credit ratings firm Equifax's EFX.N fourth-quarter revenue fell short of estimates, hurt by a weaker hiring market and slower-than-expected mortgage growth as interest rates remain elevated, sending shares down over 6.5% on Thursday.
The Atlanta, Georgia-based company's revenue rose 7%, powered by a 29% jump in U.S. mortgage revenue, but missed analysts' estimate of $1.44 billion, according to data compiled by LSEG.
Revenue from its workforce solutions unit, the company's largest operating segment, increased by 7% to reach $598.1 million.
The company, however, flagged weakness in the unit, which vets potential employees for businesses, due to a slower hiring market in the U.S.
Demand for mortgages influences results at Equifax, which relies on providing credit reports and verification services.
Although the Federal Reserve's cut of 100 basis points has provided some relief, possible future cuts have led many potential homebuyers to wait for a more favorable market.
Adjusted profit came in at $2.12 per share in the three months ended Dec. 31, compared with Wall Street expectations of $2.10 per share.
Equifax, along with Experian EXPN.L and TransUnion TRU.N, is one of the three largest consumer credit reporting agencies in the U.S.
The company sees 2025 revenue between $5.89 billion and $6.01 billion as mortgage credit inquiries in the U.S. missing analysts' expectation of $6.27 billion.
(Reporting by Ateev Bhandari in Bengaluru; Editing by Tasim Zahid)
((Ateev.Bhandari@thomsonreuters.com;))
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。