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Equifax falls after Q3 revenue forecast disappoints



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** Shares of credit reporting agency Equifax EFX.N fall 4.3% to $248.12 premarket

** Late on Wednesday, EFX forecast Q3 revenue between $1.43 bln and $1.45 bln, largely below Wall Street expectations of $1.45 bln - LSEG

** Higher interest rates have tempered mortgage demand that has hurt credit rating firms which rely on borrowers checking their credit scores to confirm eligibility

** Meanwhile, Q2 adjusted profit of $1.82/shr sailed past Wall Street expectations of $1.73/shr

** BofA Global Research analysts think there's upside potential to EFX shares and revenue as sales accelerate into a mortgage recovery

** As of last close, EF up 4.8% YTD



Reporting by Arasu Kannagi Basil in Bengaluru

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