S&P Global (NYSE: SPGI) reported worse-than-expected earnings for the fourth quarter, sending its shares sliding over 3.6% in market pre-open Thursday.

The company posted earnings per share (EPS) of $3.13, slightly below the consensus estimate of $3.14. Revenue for the quarter reached $3.15 billion, exceeding the projected $3.13 billion.

Segment-wise, S&P Global’s ratings revenue was $838 million, surpassing the estimated $816.9 million.

Within this segment, non-transaction revenue amounted to $500 million, exceeding expectations of $487.2 million while non-subscription revenue was reported at $338 million, also topping the forecast of $329.1 million.

The Market Intelligence subscription's adjusted revenue stood at $953 million, significantly beating the estimate of $901.6 million.

By Vahid Karaahmetovic