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IHS Inc. Message Board

  • adspatz adspatz Jan 7, 2014 11:18 AM Flag

    IHS profits decline

    Search for "SEC Live Filings Digest" to find out more.
    IHS Inc. (IHS) has announced its fourth quarter results for the 2013 fiscal year, reporting a decline in profits from a year ago. The company, which specializes in business information, posted earnings of $40.81M and $0.60 per share, down from $46.42M and $0.69 per share in the year-ago quarter. Excluding certain charges, adjusted earnings were up from $95.25M and $1.42 per share to $100.08M and $1.46 per share. Revenue for the quarter jumped sharply from $414.36M in the year-ago quarter to $559.68M, beating analyst expectations of $534.84M. IHS has set its annual guidance to expect earnings between $5.50 and $5.85 per share, with revenues between $2.17B and $2.23B. CEO Scott Key commented that the company is looking for ways to propel growth in its core business segments, primarily through small acquisitions.

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