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IHS Markit: Fiscal 4Q Earnings Snapshot

January 13, 2021 GMT

LONDON (AP) _ IHS Markit Ltd. (INFO) on Wednesday reported fiscal fourth-quarter profit of $151.1 million.

On a per-share basis, the London-based company said it had profit of 38 cents. Earnings, adjusted for one-time gains and costs, were 72 cents per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share.

The financial information services provider posted revenue of $1.11 billion in the period, matching Street forecasts.

For the year, the company reported profit of $870.7 million, or $2.17 per share. Revenue was reported as $4.29 billion.

IHS Markit shares have declined slightly more than 3% since the beginning of the year. The stock has climbed nearly 9% 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