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.
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
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%