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S&P Global: 1Q Earnings Snapshot

NEW YORK (AP) _ S&P Global Inc. (SPGI) on Thursday reported first-quarter net income of $410 million.

On a per-share basis, the New York-based company said it had profit of $1.65. Earnings, adjusted for non-recurring costs, were $2.11 per share.

The results met Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of $2.11 per share.

The independent ratings and analytics provider posted revenue of $1.57 billion in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $1.6 billion.

S&P Global expects full-year earnings in the range of $8.95 to $9.15 per share.

S&P Global shares have risen 29% since the beginning of the year. The stock has risen 15% in the last 12 months.


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