SPGI S&P Global Inc

By Dean Seal

S&P Global Inc. lowered its full-year earnings guidance after reporting a drop in profit and lower-than-expected revenue growth in the third quarter.

The New York-based credit-ratings and data provider said it now expects annual earnings of between $9.75 and $9.90 a share, compared with its prior forecast of between $10.20 and $10.40.

Adjusted earnings, which exclude one-time items, are now projected to be in the range of $11 to $11.15 a share, down from its previous guidance of between $11.35 and $11.55 a share.

The company said revenue is still expected to grow by more than 30% from last year.

S&P's shares slipped half a percent to $309.97 in premarket trading.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

October 27, 2022 07:53 ET (11:53 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.