S&P Global Raises Full-Year Adjusted Earnings Guidance
July 29 2021 - 7:58AM
Dow Jones News
By Matt Grossman
S&P Global Inc. on Thursday raised its full-year earnings
guidance, as Chief Executive Douglas L. Peterson said the financial
markets S&P serves are settling down following the effects of
the Covid-19 pandemic.
The New York City-based company, a provider of credit ratings
and financial indexes, said it now expects adjusted earnings of
$12.95 a share to $13.15 a share in 2021. The guidance represented
a 40-cents-a-share increase compared with S&P's previous
forecast.
The guidance excludes the effects of S&P's pending merger
with IHS Markit, S&P said. The deal is expected to close in the
fourth quarter.
"While the pandemic is far from over, markets are normalizing,
economies are generally reopening, employment is rising, and GDP is
recovering. All these factors bode well for S&P Global," Mr.
Peterson said.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
July 29, 2021 07:50 ET (11:50 GMT)
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