UPDATE: S&P Global (SPGI) Tops Q1 EPS by 44c, Revenues Beat; Lowers FY20 EPS Guidance
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S&P Global Revenue Increased 14% In First Quarter
April 28, 2020 7:10 AM EDTNEW YORK, April 28, 2020 /PRNewswire/ -- S&P Global (NYSE: SPGI) today reported first quarter 2020 results with revenue of $1,786 million, an increase of 14% compared to the same period last year. Net income increased 56% to $639 million and diluted earnings per share increased 59% to $2.62 primarily due to a $113 million pre-tax, noncash pension settlement charge in the prior period as well as revenue growth, continued progress toward productivity initiative targets, and reduced business travel expenses during the current period.
Adjusted net income increased 27% to $665 million and adjusted diluted earnings per share increased 29% to $2.73 due to revenue... More
