S&P Global (SPGI) Misses Q1 EPS by 2c, Revenues Miss; Affirms FY19 EPS Mid-Point Guidance Below Consensus

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Go back to S&P Global (SPGI) Misses Q1 EPS by 2c, Revenues Miss; Affirms FY19 EPS Mid-Point Guidance Below Consensus

S&P Global Reports First Quarter Results

May 2, 2019 7:10 AM EDT

NEW YORK, May 2, 2019 /PRNewswire/ -- S&P Global (NYSE: SPGI) today reported first quarter 2019 results with revenue of $1,571 million, essentially unchanged compared to the same period last year.  On an organic basis, and excluding the unfavorable impact from foreign exchange, revenue increased 1%.

Net income decreased 16% to $410 million and diluted earnings per share decreased 14% to $1.65 as gains from a lower tax rate and lower share count were more than offset by a $113 million pre-tax, non-cash charge associated with the frozen U.S. defined benefit pension plan due to a partial pension... More