Equifax Inc. (EFX) saw its stock plummet 8.55% in pre-market trading on Thursday, February 6, 2025, following the release of its fourth-quarter 2024 earnings results that missed analyst expectations.

The consumer credit reporting agency reported Q4 revenue of $1.419 billion, falling short of the consensus estimate of $1.440 billion. Equifax's Q4 earnings per share came in at $1.39, missing the projected $1.63 EPS estimate. The disappointing financial results, which also included lower-than-expected operating income of $288.1 million, weighed heavily on Equifax's stock price in pre-market trading before the regular session began on Thursday.

Equifax's weaker-than-expected performance was attributed to several factors, including slower-than-anticipated growth in the U.S. mortgage and hiring markets. The company's Workforce Solutions segment, which vets potential employees for businesses, saw a 9% decline in Employer Services revenue due to a slower hiring market in the U.S. Additionally, while Equifax's U.S. Mortgage revenue surged by 29%, the overall growth in the mortgage market was hampered by elevated interest rates, causing some potential homebuyers to delay their purchases.