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 are trading lower following the announcement of Q1 sales results that fell short of expectations. Additionally, the company has provided Q2 and full-year 2024 adjusted EPS and revenue guidance that is below analyst estimates.
April 18, 2024 | 11:22 am
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Equifax's stock is trading lower due to disappointing Q1 sales results and lower-than-expected future earnings and revenue guidance.
Equifax's stock price is likely to face downward pressure in the short term due to the company's reported lower-than-expected Q1 sales results and the issuance of future earnings and revenue guidance that did not meet analyst expectations. This negative news directly impacts investor sentiment and could lead to a decrease in stock price as market participants adjust their expectations for the company's financial performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100