08.02.2024 13:39:54

S&P Global Inc. Q4 Profit Increases, but misses estimates

(RTTNews) - S&P Global Inc. (SPGI) announced earnings for its fourth quarter that increased from last year but missed the Street estimates.

The company's earnings came in at $579 million, or $1.83 per share. This compares with $433 million, or $1.33 per share, in last year's fourth quarter.

Excluding items, S&P Global Inc. reported adjusted earnings of $988 million or $3.13 per share for the period.

Analysts on average had expected the company to earn $3.15 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.1% to $3.15 billion from $2.94 billion last year.

S&P Global Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $579 Mln. vs. $433 Mln. last year. -EPS (Q4): $1.83 vs. $1.33 last year. -Analyst Estimate: $3.15 -Revenue (Q4): $3.15 Bln vs. $2.94 Bln last year.

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