IHS Markit (INFO) Tops Q4 EPS by 2c; Guides In-Line

IHS Markit (NASDAQ: INFO) reported Q4 EPS of $0.48, $0.02 better than the analyst estimate of $0.46. Revenue for the quarter came in at $874 million versus the consensus estimate of $870.27 million.

GUIDANCE:

IHS Markit sees FY2017 EPS of $2.02-$2.08, versus the consensus of $2.05.

“2016 was a momentous year for IHS Markit as we merged two world class organizations in record time,” said Jerre Stead, IHS Markit chairman and chief executive officer. “Thanks to the tireless work by our colleagues we hit the ground running in December, the start of our first fiscal year as a new company.”

“We are in a very solid financial position entering our first fiscal year as a merged company, with a business model that has favorable financial characteristics. The financial levers afforded to us from the merger allow us to invest in our future while delivering strong returns for our shareholders,” said Todd Hyatt, IHS Markit chief financial officer.

For earnings history and earnings-related data on IHS Markit (INFO) click here.

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