IHS 1Q profit rises, revenue tops Street's view
IHS 1st-quarter profit climbs, revenue beats Wall Street's expectations
ENGLEWOOD, Colo. (AP) -- Business information and analytics firm IHS said Thursday that its first-quarter net income rose 5 percent, driven by revenue growth across all regions.
For the period ended Feb. 28, IHS Inc. earned $24.7 million, or 37 cents per share. That compares with $23.5 million, or 35 cents per share, a year earlier.
Excluding stock-based compensation expense, restructuring charges and other items, earnings were 86 cents per share.
Analysts surveyed by FactSet expected earnings of 87 cents per share.
Revenue rose 12 percent to $382.5 million from $342.7 million, bolstered by acquisitions and better subscription and non-subscription revenue. Wall Street forecast $376.7 million in revenue.
Revenue increased 21 percent for the Asia-Pacific region and rose 11 percent for the Americas. Europe, the Middle East and Africa reported a 10 percent revenue gain.
Englewood, Colo.-based IHS still expects full-year adjusted earnings between $4.23 and $4.43 per share on revenue in a range of $1.64 billion to $1.71 billion.
Analysts predict earnings of $4.40 per share on revenue of $1.68 billion.
HIS shares finished at $109.29 on Wednesday. They have traded in a 52-week range of $83.02 to $118.93.
