IHS beats 4Q net income expectations, misses revenue forecasts

MarketsAssociated Press

IHS (IHS) on Tuesday reported fiscal fourth-quarter earnings increased by 47 percent to $60.1 million.

The Englewood, Colorado-based company said it had profit of 87 cents per share. Earnings, adjusted for one-time gains and costs, were $1.68 per share.

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The results surpassed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.55 per share.

The business information and analytics firm posted revenue of $582.3 million in the period, missing Street forecasts. Analysts expected $586.7 million, according to Zacks.

For the year, the company said profit rose 48 percent to $194.5 million, or $2.81 per share. Revenue increased 21 percent to $2.23 billion.

IHS expects full-year earnings in the range of $6.10 to $6.30 per share, with revenue in the range of $2.36 billion to $2.4 billion.

IHS shares have decreased slightly more than 3 percent since the beginning of the year. The stock has fallen almost 9 percent in the last 12 months.


This story was generated by Automated Insights using data from Zacks Investment Research. IHS stock research report from Zacks.


Keywords:IHS,Earnings Report