S&P Global Posts Higher Revenue
November 02 2023 - 7:15AM
Dow Jones News
By Will Feuer
S&P Global posted higher sales and earnings for the third
quarter, lifted by strength across the data-and-analytics
company.
The New York-based credit-ratings and data provider reported a
profit of $742 million, or $2.33 a share, up from $608 million, or
$1.84 a share, in the same quarter a year ago.
Stripping out one-time items, adjusted earnings were $3.21 a
share. Analysts surveyed by FactSet expected adjusted earnings of
$3.04 a share.
Sales rose 8% to $3.08 billion. Analysts surveyed by FactSet
expected $3.03 billion.
Sales rose across all of the company's businesses, excluding its
engineering-solutions business, which it has agreed to sell for
$975 million to private-equity buyers. S&P Global's ratings
business recorded a 20% rise in sales and its market-intelligence
unit posted an 8% increase in sales.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
November 02, 2023 08:00 ET (12:00 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
S&P Global (NYSE:SPGI)
Historical Stock Chart
From Apr 2024 to May 2024
S&P Global (NYSE:SPGI)
Historical Stock Chart
From May 2023 to May 2024
