UPDATE: S&P Global (SPGI) Q2 EPS Tops Consensus, Revenues Beat; Raises FY19 EPS Guidance Above Consensus
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S&P Global Reports Second Quarter Results
August 1, 2019 7:10 AM EDTNEW YORK, Aug. 1, 2019 /PRNewswire/ -- S&P Global (NYSE: SPGI) today reported second quarter 2019 results with revenue of $1,704 million, an increase of 6% compared to the same period last year. Net income increased 21% to $555 million and diluted earnings per share increased 23% to $2.24 primarily due to revenue growth, continued progress toward productivity initiative targets, and because the second quarter of 2018 included an increase in legal reserves. Adjusted net income increased 9% to $601 million and adjusted diluted earnings per share increased 12% to $2.43 due to revenue growth and continued progress toward productivity initiative targets. The adjustments... More
