NEW YORK (AP) — NEW YORK (AP) — S&P Global Inc. (SPGI) on Tuesday reported second-quarter net income of $1.21 billion.
The New York-based company said it had profit of $4.08 per share. Earnings, adjusted for amortization costs and non-recurring costs, came to $4.83 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $4.49 per share.
The independent ratings and analytics provider posted revenue of $3.68 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $3.65 billion.
S&P Global expects full-year earnings in the range of $17.50 to $17.75 per share.
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