In Wednesday trading, shares of Equifax Inc. (EFX, Financial) advanced after reporting first-quarter earnings per share of $1.43 on revenue of $865.7 million, a 4% year-over-year increase. The company beat earnings estimates by six cents and revenue expectations by $11.01 million.
Further, total revenue for the U.S. Information Solutions segment was $306.9 million for the quarter, compared to $310.1 million in the first quarter of 2017, a decrease of 1%. The operating margin was 36.1%, lower than the 41.8% registered in the prior-year quarter. The adjusted earnings before interest, taxes, depreciation and amortization margin for USIS reached 44.1% in the first quarter of 2018, compared to 48.6% the year prior.
International first-quarter total revenue was $244.5 million, up 13% year over year. Moreover, the operating margin was 15%, compared to 13.8% in the first quarter of 2017. The adjusted EBITDA margin for International was 29.4%, compared to 31.2% a year ago.
CEO Mark W. Begor said the operating results were better than expected due to the "focus on delivering on financial commitments while continuing to make significant progress enhancing our data security and information technology infrastructure."Â
"Our first quarter results are a strong step forward but we still have work to do to improve our infrastructure and regain the trust of our customers, partners, and consumers," he said. "Over the coming months, my focus will be to accelerate investments to enhance our infrastructure and data security while focusing the broader team on our core growth initiatives."
Shares of Qualcomm Inc. (QCOM, Financial) jumped in after-hours trading after announcing its second-quarter results. The company registered earnings per share of 80 cents on revenue of $5.2 billion, a 13.2% year-over-year decline. The company managed to beat earnings estimates by 10 cents and revenue expectations by $10 million.
Shares of Ford Motor Co. (F, Financial) jumped on the heels of the company reporting its financial results for the first quarter. The company posted earnings per share of 43 cents on revenue of $41.96 billion. The automaker's revenue grew 7.2% year over year and beat estimates by $4.8 billion. It beat earnings estimates by 2 cents.
Disclosure: The author holds no position in any stocks mentioned.
