S&P Global: 2Q Earnings Snapshot
NEW YORK (AP) _ S&P Global Inc. (SPGI) on Thursday reported second-quarter earnings of $555 million.
On a per-share basis, the New York-based company said it had profit of $2.24. Earnings, adjusted for non-recurring costs and amortization costs, came to $2.43 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.25 per share.
The independent ratings and analytics provider posted revenue of $1.7 billion in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $1.64 billion.
S&P Global expects full-year earnings in the range of $9.10 to $9.25 per share.
S&P Global shares have risen 44% since the beginning of the year. The stock has risen 22% in the last 12 months.