S&P Global (SPGI) Q4 Earnings Beat Estimates, Revenue Miss
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Adjusted earnings per share of $2.22 beat the Zacks Consensus Estimate by 2 cents and increased 20% year over year. The bottom line benefited from productivity improvements, lower effective tax rate (as a result of U.S. tax reform) and reduction in shares outstanding.
Revenues of $1.54 billion lagged the consensus mark by $69.9 million and decreased 3.3% year over year on a reported basis and 4% organically. The top line was hurt by a decline in Ratings revenues, which partially offset the increase in revenues from the company’s other three segments - Market Intelligence, Platts and S&P Dow Jones Indices.
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https://finance.yahoo.com/news/p-global-...03135.html
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Adjusted earnings per share of $2.22 beat the Zacks Consensus Estimate by 2 cents and increased 20% year over year. The bottom line benefited from productivity improvements, lower effective tax rate (as a result of U.S. tax reform) and reduction in shares outstanding.
Revenues of $1.54 billion lagged the consensus mark by $69.9 million and decreased 3.3% year over year on a reported basis and 4% organically. The top line was hurt by a decline in Ratings revenues, which partially offset the increase in revenues from the company’s other three segments - Market Intelligence, Platts and S&P Dow Jones Indices.
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https://finance.yahoo.com/news/p-global-...03135.html