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IHS Markit: Fiscal 2Q Earnings Snapshot

June 26, 2019

LONDON (AP) _ IHS Markit Ltd. (INFO) on Wednesday reported fiscal second-quarter profit of $149.8 million.

The London-based company said it had net income of 37 cents per share. Earnings, adjusted for one-time gains and costs, were 71 cents per share.

The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share.

The financial information services provider posted revenue of $1.14 billion in the period, meeting Street forecasts.

IHS Markit expects full-year earnings in the range of $2.52 to $2.57 per share, with revenue in the range of $4.43 billion to $4.5 billion.

IHS Markit shares have increased 24% since the beginning of the year. The stock has increased 18% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on INFO at https://www.zacks.com/ap/INFO

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