Equifax shares are trading lower after the company reported worse-than-expected Q1 sales results and issued Q2 and FY24 adjusted EPS and revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Equifax shares dropped following the announcement of Q1 sales results that fell short of expectations. The company also provided Q2 and FY24 adjusted EPS and revenue guidance that was below analyst estimates.
April 17, 2024 | 8:19 pm
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NEGATIVE IMPACT
Equifax reported Q1 sales results that missed expectations and issued lower guidance for Q2 and FY24, leading to a decline in its stock price.
Equifax's announcement of lower-than-expected Q1 sales and future guidance below analyst estimates directly impacts investor sentiment and the perceived value of the company, leading to a likely short-term decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100