Categories Earnings, Technology, U.S. Markets News

IHS Markit reports mixed Q4 results

London-based information provider IHS Markit (INFO) reported fourth-quarter earnings that surpassed analysts’ estimates on Friday. Earnings for the quarter came in at 57 cents per share, 2 cents higher than what the street had projected.

However, on a reported basis, earnings fell to 20 cents per share from 26 cents per share a year ago.

Revenue jumped 13% to $1.07 billion, slightly missing the analysts’ expectation of $1.08 billion. The top-line was primarily driven by the Financial Services segment, which grew 27% to $409 million.

While the Transportation and Resources segments rose 11% and 3% respectively, Consolidated Markets & Solutions declined 1% during the quarter.

CEO Lance Uggla said, “We had a very successful 2018 and delivered strong diversified financial results that were in line with our expectations. Operationally, our teams are performing at a high level, and we are well positioned within each of our end markets, which gives us the confidence to achieve our 2019 guidance.”

For the year ending November 30, 2019, IHS Markit expects revenue in the range of $4.425 billion to $4.500 billion.

UnitedHealth beats estimates on Q4 results

Adjusted EPS for this period, is meanwhile, projected in a range of $2.52 to $2.57 per diluted share.

INFO shares have gained 3.4% in the trailing 52 weeks. The stock ended its last trading session down 0.26% on Monday.

 

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference, and much more!

Most Popular

Earnings Preview: Salesforce (CRM) likely to report higher Q4 revenues and profit

Customer relationship management platform Salesforce, Inc. (NYSE: CRM) will be publishing its fourth-quarter 2024 results next week, amid expectations for a year-over-year increase in revenues and earnings. Of late, the

What to expect when Macy’s (M) reports Q4 2023 earnings results

Shares of Macy’s, Inc. (NYSE: M) rose over 2% on Friday. The stock has gained 31% over the past three months. The retailer is scheduled to report its fourth quarter

Earnings Summary: Warner Bros. Discovery (WBD) reports Q4 2023 results

Warner Bros. Discovery (NASDAQ: WBD), a leading media and entertainment company, has reported financial results for the fourth quarter of 2023. Q4 revenue was $10.28 billion, down 7% from the

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top