You are here: Home » Reuters » News
Business Standard

Equifax warns on post-breach costs, revenue hit


By Jim Finkle and Aparajita Saxena(Reuters) - Equifax Inc on Friday issued a fourth-quarter profit outlook that fell short of Wall Street expectations, saying the massive breach of its consumer data earlier this year would hurt sales and result in costs of $60 million to $75 million during the period.Executives at the credit-reporting company blamed the expected revenue decline on delays in contract signing from business and government customers, which began in the third quarter and continued into the current quarter. "We're hoping to win back their trust and then be able to regain the ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Sat, November 11 2017. 09:21 IST