S&P Global (SPGI) Tops Q3 EPS by 6c, Revenues Miss; Lifts FY18 EPS Mid-Point Outlook Above Consensus
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S&P Global Reports Third Quarter Results
October 25, 2018 7:10 AM EDTNEW YORK, Oct. 25, 2018 /PRNewswire/ -- S&P Global (NYSE: SPGI) today reported third quarter 2018 results with revenue of $1,546 million, an increase of 2% compared to the same period last year. On an organic basis and excluding the unfavorable impact from foreign exchange, revenue also increased 2%.
Net income increased 20% to $495 million and diluted earnings per share increased 22% to $1.95 as a result of revenue growth, operating leverage, and U.S. tax reform. Adjusted net income increased 21% to $536 million and adjusted diluted earnings per share increased 23% to $2.11. The adjustments in the third quarter of 2018... More
