Markit Ltd. (MRKT) Misses Q4 EPS by 1c

Markit Ltd. (NASDAQ: MRKT) reported Q4 EPS of $0.37, $0.01 worse than the analyst estimate of $0.38. Revenue for the quarter came in at $291.5 million versus the consensus estimate of $292.08 million.

"Our first full year as a public company resulted in revenue growth, solid margins and value creation for shareholders through disciplined capital allocation. I am especially pleased with the solid organic growth this year in our Information and Solutions divisions and with the immediate contributions from the acquisitions we made in 2015,” said Lance Uggla, chairman and chief executive officer of Markit.

“We will continue to address the needs of our customers and invest in key growth opportunities as evidenced by the index deals with HSBC and UBS that we recently announced. As we move further into 2016, we are confident in our ability to deliver growth and long term returns for our shareholders.”

For earnings history and earnings-related data on Markit Ltd. (MRKT) click here.

You May Also Be Interested In

• Gilead Sciences (GILD) Misses Q1 EPS by 288c
• Juniper Networks (JNPR) Misses Q1 EPS by 12c
• The Hartford (HIG) Misses Q1 EPS by 13c