S&P Global: 3Q Earnings Snapshot

S&P Global: 3Q Earnings Snapshot

Associated Press
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NEW YORK (AP) _ S&P Global Inc. (SPGI) on Thursday reported third-quarter earnings of $495 million.

The New York-based company said it had net income of $1.95 per share. Earnings, adjusted for non-recurring costs, were $2.11 per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.01 per share.

The independent ratings and analytics provider posted revenue of $1.55 billion in the period, which missed Street forecasts. Five analysts surveyed by Zacks expected $1.58 billion.

S&P Global expects full-year earnings in the range of $8.50 to $8.60 per share.

S&P Global shares have climbed 5 percent since the beginning of the year. The stock has risen almost 10 percent in the last 12 months.

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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

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