IHS (IHS) Buys Invention Machine for $40M; Raises FY12 Sales Outlook

July 11, 2012 4:04 PM EDT
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IHS (NYSE: IHS) has acquired Invention Machine for approximately $40 million.

The company raised its FY12 sales guidance from $1.53-$1.58 billion to $1.548-$1.598 billion, which compares to the Street estimate of $1.56 billion, and maintained its EPS estimate of $3.88-$4.01.

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