Once these most recent quarterly results are finalized, they will be run through TheStreet.com Ratings' model and our ratings will be adjusted accordingly. To keep up to date on all of our ratings, visit TheStreet.com Ratings Screener.

On Feb.4, 2009,


(EFX) - Get Report

reported its Q4 FY08 net income plunged 2.6% on lower revenue of $64.00 million or $0.50 per share from $65.70 million or $0.49 per share a year ago on lower revenue. The latest quarterly earnings were also negatively affected by acquisition-related amortization expenses, restructuring, and asset write-down charges. On a non-GAAP basis, net income was down 1.6% to $77.70 million or $0.61 per share, which beat the consensus estimate of $0.59 per share.

Total operating revenue decreased 9.0% to $446.60 million from $490.90 million, due to a decline in revenue in most of its segments and 5.0% loss from exchange rates. The U.S. Consumer Information Solutions' operating revenue declined 8.9% to $208.40 million, due to a decline in revenue from online consumer information solutions, credit market services and direct marketing services. International operating revenue shrank 17.9% to $105.80 million, hurt by lower revenue from Europe, Latin America and Canada. Revenue from TALX grew 2.2% to $75.40 million, led by 11.4% increase in work number, offset by 3.5% drop in tax and talent management services revenues. Sales of North America Commercial Solutions and North America Personal Solutions decreased 6.1% and 3.1% to $19.90 million and $37.10 million, respectively.

EFX formed a partnership with

IXI Corporation

to jointly develop solutions that provide a 360 degree view of a household's financial position. Additionally, Equifax paid a quarterly dividend of $0.04 per share.

For FY08, EFX's net income remained almost flat at $272.80 million or $2.09 per share, while its operating revenue increased 5.0% to $1.94 billion from $1.84 billion a year ago. Moreover, the company also repurchased 4.50 million shares for $155.70 million during FY08.

Looking forward to Q1 FY09, EFX expects its adjusted EPS to be between $0.52 per share and $0.57 per share and consolidated revenue to be in a similar range as reported for Q4 FY08.

A detailed report covering this quarterly release is now available. To purchase the report, click here.