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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| S&P Global Inc | NYSE:SPGI | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 415.83 | 12 | 12:08:13 |
From May 2023 to May 2024
By Will Feuer
S&P Global reported higher revenue in the second quarter, lifted by sales growth across its businesses.
The New York-based credit-ratings and data provider reported a profit of $511 million, or $1.60 a share, down from a profit of $972 million, or $2.86 a share, in the same quarter a year ago.
Stripping out one-time items, earnings came to $3.12 a share, matching expectations of analysts polled by FactSet.
Sales rose 4% to $3.10 billion. Analysts surveyed by FactSet expected $3.05 billion.
Sales rose across all of the company's businesses, excluding its engineering-solutions business, which it has agreed to sell for $975 million to private-equity buyers. S&P Global's ratings business recorded a 7% rise in sales and its market-intelligence unit posted a 5% increase in sales.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
July 27, 2023 07:54 ET (11:54 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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