IHS Markit (INFO) Tops Q1 EPS by 3c, Revenues Miss; Offers FY19 EPS/Revenue Guidance

IHS Markit (NASDAQ: INFO) reported Q1 EPS of $0.60, $0.03 better than the analyst estimate of $0.57. Revenue for the quarter came in at $1.05 billion versus the consensus estimate of $1.06 billion.

“We continue to deliver strong diversified revenue growth and margin expansion while making the right level of investment to be able to sustain long-term financial returns for our shareholders,” said Lance Uggla, chairman and chief executive officer at IHS Markit.

“We are pleased with the start of the year and believe we are well positioned to deliver upon our full-year financial commitments,” said Todd Hyatt, chief financial officer at IHS Markit.

GUIDANCE:

IHS Markit sees FY2019 EPS of $2.52-$2.57, versus the consensus of $2.55. IHS Markit sees FY2019 revenue of $4.425-4.5 billion, versus the consensus of $4.46 billion.

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

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