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IHS Markit: Fiscal 4Q Earnings Snapshot

January 14, 2020 GMT

LONDON (AP) _ IHS Markit Ltd. (INFO) on Tuesday reported fiscal fourth-quarter net income of $203.1 million.

The London-based company said it had net income of 50 cents per share. Earnings, adjusted for one-time gains and costs, were 65 cents per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.

The financial information services provider posted revenue of $1.12 billion in the period, which met Street forecasts.

For the year, the company reported profit of $502.7 million, or $1.23 per share. Revenue was reported as $4.41 billion.

IHS Markit expects full-year earnings in the range of $2.82 to $2.88 per share, with revenue in the range of $4.52 billion to $4.59 billion.

IHS Markit shares have climbed 6% since the beginning of the year. The stock has climbed 61% 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 INFO at https://www.zacks.com/ap/INFO