Experian stock jumps on in-line 2024 results, upbeat guidance for fiscal 2025
Shares in British credit data firm Experian jumped more than 6% Wednesday after the company reported results for the fiscal 2024 year and issued an upbeat forecast for 2025.
Organic revenue growth stood at 6%, and the company generated $1.9 billion in operating cash flow, benefiting from strong profit margins. Looking ahead, the company forecasted annual organic revenue growth of 6% to 8% for fiscal year 2025. Commenting on this, Morgan Stanley analysts said they “expect the bottom end of the consensus margin range to move upwards following today.”
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