S&P Global Raises Full-Year Adjusted Profit Outlook
October 26 2021 - 8:00AM
Dow Jones News
By Matt Grossman
S&P Global Inc. Thursday raised its full-year
adjusted-earnings guidance.
The credit-ratings and financial-data company said it now
expects adjusted earnings of $13.50 a share to $13.65 a share, a
rise of about 50 cents a share from previous guidance.
S&P also initiated guidance for 2021 on an as-reported
basis, because it now expects its merger with IHS Markit will not
close until 2022. This year, S&P expects as-reported earnings
of $12.50 a share to $12.65 a share, and revenue growth by a low
double-digit percentage compared with 2020.
Analysts had been forecasting as-reported earnings of $12.67 a
share and revenue growth of 9%, according to FactSet.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
October 26, 2021 07:45 ET (11:45 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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