IHS Markit: Fiscal 3Q Earnings Snapshot

LONDON (AP) _ IHS Markit Ltd. (INFO) on Tuesday reported fiscal third-quarter net income of $104.5 million.

On a per-share basis, the London-based company said it had profit of 26 cents. Earnings, adjusted for one-time gains and costs, came to 58 cents per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share.

The financial information services provider posted revenue of $1 billion in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $969.3 million.

IHS Markit expects full-year earnings in the range of $2.25 to $2.27 per share, with revenue in the range of $4 billion to $4.02 billion.

IHS Markit shares have risen 20 percent since the beginning of the year. The stock has risen 12 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on INFO at https://www.zacks.com/ap/INFO