McGraw Hill reports 4th-quarter loss of $846 million

MarketsAssociated Press

McGraw Hill Financial Inc. (MHFI) on Thursday reported a fourth-quarter loss of $846 million, after reporting a profit in the same period a year earlier.

The New York-based company said it had a loss of $3.11 per share. Earnings, adjusted for one-time gains and costs, were 95 cents 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 91 cents per share.

The owner of the ratings agency Standard & Poor's posted revenue of $1.29 billion in the period, which also beat Street forecasts. Analysts expected $1.28 billion, according to Zacks.

McGraw Hill expects full-year earnings in the range of $4.35 to $4.45 per share.

McGraw Hill shares have risen 10 percent since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has climbed 24 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 MHFI at http://www.zacks.com/ap/MHFI

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Keywords: McGraw Hill, Earnings Report