S&P Global (SPGI) Tops Q3 EPS by 12c, Revenues Beat; Raises FY19 EPS Guidance Above Consensus
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S&P Global (NYSE: SPGI) reported Q3 EPS of $2.46, $0.12 better than the analyst estimate of $2.34. Revenue for the quarter came in at $1.69 billion versus the consensus estimate of $1.66 billion.
"The diversity of our businesses was evident again this quarter as our Ratings and Indices divisions led growth due to an increase in bond issuance and growth in ETF assets under management coupled with increased exchange-traded derivative activity," said Douglas L. Peterson, President and Chief Executive Officer of S&P Global. "In addition to this strong growth, we launched several new technology-driven products including Textual Data Analytics and Kensho's Scribe, which add new capabilities to our earnings call transcript business. New ESG-related products include Climate Risk Analysis by Trucost, the launch of Platts low-sulfur marine fuel futures contracts, and the launch of E-mini S&P 500 ESG Futures contracts. These financial results and new product launches demonstrate our continued execution on our investment and productivity initiatives."
S&P Global sees FY2019 EPS of $9.30-$9.40, versus the consensus of $9.26.
- The Company's 2019 GAAP diluted EPS guidance is increased from a range of $8.20 to $8.35 to a new range of $8.56 to $8.66 due to gains on recent divestitures, increased revenue and operating profit margin, and lower corporate unallocated expense.
- Adjusted diluted EPS guidance is increased from a range of $9.10 to $9.25 to a new range of $9.30 to $9.40 due to increased revenue and operating profit margin, and lower corporate unallocated expense.
For earnings history and earnings-related data on S&P Global (SPGI) click here.
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Create E-mail Alert Related CategoriesCorporate News, Earnings, Guidance, Hot Guidance, Management Comments
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