IHS Markit (INFO) Tops Q2 EPS by 4c, Revenues Bear; Offers FY18 EPS Mid-Point Outlook Below Consensus

IHS Markit (NASDAQ: INFO) reported Q2 EPS of $0.61, $0.04 better than the analyst estimate of $0.57. Revenue for the quarter came in at $1.01 billion versus the consensus estimate of $974.12 million.

• Revenue of $1.008 billion, including total revenue growth of 11 percent and total organic revenue growth of 8 percent
• Net income of $114 million and diluted earnings per share (EPS) of $0.28
• Adjusted EBITDA of $398 million and Adjusted earnings per diluted share (Adjusted EPS) of $0.61
• Cash flow from operations of $383 million and free cash flow of $323 million

Outlook (forward-looking statement)

For the year ending November 30, 2018, IHS Markit now expects:

• Revenue in a range of $3.85 billion to $3.90 billion, including total organic growth of 5 percent to 6 percent;
• Adjusted EBITDA at the upper end of the range of $1.500 billion to $1.525 billion; and
• Adjusted EPS in a range of $2.23 to $2.27 per diluted share.

GUIDANCE:

IHS Markit sees FY2018 EPS of $2.23-$2.27, versus the consensus of $2.27. IHS Markit sees FY2018 revenue of $3.85-3.9 billion, versus the consensus of $3.87 billion.

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

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