S&P Global Inc. Q3 adjusted earnings Beat Estimates

(RTTNews) - S&P Global Inc. (SPGI) released earnings for third quarter that dropped from last year.

The company's bottom line totaled $455 million, or $1.88 per share. This compares with $617 million, or $2.50 per share, in last year's third quarter.

Excluding items, S&P Global Inc. reported adjusted earnings of $689 million or $2.85 per share for the period.

Analysts had expected the company to earn $2.58 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 9.5% to $1.85 billion from $1.69 billion last year.

S&P Global Inc. earnings at a glance:

-Earnings (Q3): $689 Mln. vs. $606 Mln. last year. -EPS (Q3): $2.85 vs. $2.46 last year. -Analysts Estimate: $2.58 -Revenue (Q3): $1.85 Bln vs. $1.69 Bln last year.

-Guidance: Full year EPS guidance: $11.30 to $11.45

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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