Equifax Boosts Guidance

The credit service cites gains from its Talx buy.
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Equifax (EFX) - Get Report rose late Monday after the credit service raised guidance for the second quarter and the rest of 2007.

The Atlanta-based company expects to make 55 cents to 57 cents a share, excluding acquisition-related amortization, on revenue of $453 million to $458 million. Analysts surveyed by Thomson Financial were looking for a 53-cent profit on sales of $436 million.

For the year, the company -- which recently acquired employment data service Talx -- expects to make $2.25 to $2.33 a share on a so-called cash basis, as revenue will rise 19% to 22% from a year ago.

"Completing this acquisition puts Equifax on a clear path to deliver the growth and financial performance outlined in the strategic plan presented last year at the New York Stock Exchange," said CEO Richard F. Smith. "Talx is an outstanding company with a well established and valuable market franchise. Following our strong performance in the first quarter and the addition of our new, fifth business unit, Equifax is well positioned for a very successful year in 2007."

Shares rose $1.07 to $43.40.