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)

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