Equifax Sees Flat Profits

Consumer and business information provider Equifax Inc. reported its second quarter net income rose slightly to $70.1 million from $69.6 million in the same period a year ago. Operating revenues rose 17 percent to $454.5 million from $387.7 million.

The U.S. Consumer Information division reported operating income of $101 million, compared with $102 million a year ago. Operating revenues in the division increased 2 percent to $250 million. The division accounted for 55 percent of Equifax revenues and 40.4 percent of the operating margin.

The International division saw operating income of $33.5 million, up 12 percent from $29.8 million in the second quarter of last year. Revenues were $115.3 million, up from $110.2 million. The International group accounted for 25 percent of revenues and 29 percent of operating margins.

The company also operates a North American Personal Solutions division, a North American Commercial Solutions division and the recently purchased TALX, a human resources outsourcing company. Equifax reported it closed on its purchase of TALX on May 15.

Traders sent Equifax (NYSE: EFX) stock down 5.9 percent in midday trading to $42.50.