S&P Global (SPGI) Tops Q2 EPS by 8c; Boosts FY16 EPS Outlook
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S&P Global Reports Second Quarter Results
July 28, 2016 7:10 AM EDTNEW YORK, July 28, 2016 /PRNewswire/ -- S&P Global (NYSE: SPGI) today reported second quarter 2016 results with revenue of $1.48 billion, an increase of 10% compared to the same period last year. Net income and diluted earnings per share were $383 million and $1.44, respectively. Foreign exchange rates had a negligible impact on revenue and a favorable impact of approximately 3 percentage points on operating profit.
Adjusted net income increased 13% to $385 million and adjusted diluted earnings per share increased 17% to $1.44. The adjustments in the second quarter of 2016 were primarily associated with benefits from insurance recoveries related to legal... More
