Equifax Lowers Earnings Estimate

http://www.insidearm.com/news/00015322-equifax-lowers-earnings-estimate/

Equifax is saying it now expects $1.96 to $2.04 per share, lower than the $2.15 to $2.33 originally projected.

The decrease is attributed to the company’s $1.4 billion purchase of Talx Corp. Talx Corp. is a St. Louis-based provider of employment verification, human resources and payroll services.

The revised guidance reflects revenue growth of 19 to 22 percent from the combined operations. Not including Talx, Equifax originally estimated revenue growth of 7 percent to 10 percent this year.

Equifax Chairman and Chief Executive Rick Smith said last week that this year’s earnings would be an "anomaly" and that the company’s goal is earnings-per-share growth that exceeds 10 percent a year for the next three years.