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08.09.2020

Experian raises its guidance after strong results

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US mortgage business is anticipated to contribute 3% to growth

Stocks impacted: Experian PLC (EXPN)

Experian PLC has raised its full-year outlook following a stronger trading in July and August than previously expected. Trading in the second quarter was boosted by strength in the US mortgage market, and the number of services provided. Two months ago, the firm had guided for second-quarter revenue to come in flat to a 5% decline. Now, the information services company estimates organic revenue for the quarter to rise in the range of 3% to 5%. The US mortgage business is anticipated to contribute 3% to growth. Experian is scheduled to release its results for the first half ending September 30 on November 17. The stock has gained 14% in value since the start of this year. After the announcement, Experian shares rose nearly 3% during the European hours.

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