Equifax Inc.'s first-quarter profit beat estimates, although the credit-reporting agency declined to raise its guidance, citing the tariff-induced uncertainty in the economy and falling consumer confidence.
"Given the strength in the first quarter and our current run rates in key verticals, we would normally be increasing our 2025 revenue and adjusted EPS guidance" Chief Executive Officer Mark Begor said on a call with analysts.
The stock rose as much as 13% in New York, the most since November 2022.
The Atlanta-based firm maintained its outlook for full-year constant-currency revenue growth and adjusted earnings per share, according to a statement Tuesday. First-quarter sales and profit both surpassed the average analyst estimate.
The company has seen declines in mortgage activity and expects challenges in that area to continue "until there's some stability in Washington," Begor said.
Equifax also raised its dividend 28% after keeping it stable for eight years and authorized a new $3 billion share buyback program.
