IHS Markit (INFO) Reports In-Line Q2 EPS, Beats on Revenues; Offers FY Guidance

IHS Markit (NASDAQ: INFO) reported Q2 EPS of $0.52, in-line with the analyst estimate of $0.52. Revenue for the quarter came in at $906 million versus the consensus estimate of $897.8 million.

GUIDANCE:

IHS Markit sees FY2017 EPS of $2.02-$2.08, versus the consensus of $2.06. IHS Markit sees FY2017 revenue of $3.49-3.56 million, versus the consensus of $3.53 million.

Guidance

• Revenue in a range of $3.490 billion to $3.560 billion, including total organic growth of 2 percent to 4 percent;
• Adjusted EBITDA in a range of $1.375 billion to $1.400 billion; and
• Adjusted EPS in a range of $2.02 to $2.08 per diluted share.

Highlights

• Revenue of $906 million, including reported organic revenue growth of 5 percent and normalized organic revenue growth of 3 percent
• Net income of $99 million and diluted earnings per share (EPS) of $0.24
• Adjusted EBITDA of $353 million and Adjusted earnings per diluted share (Adjusted EPS) of $0.52
• Cash flow from operations of $201 million and free cash flow of $142 million

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

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