S&P Global Reports Q1 Results, Raises Revenue Guidance
Portfolio Pulse from Erica Kollmann
S&P Global Inc. (NYSE:SPGI) reported Q1 earnings of $4.01 per share, surpassing the consensus estimate of $3.66, and a 27.3% increase from last year. Quarterly sales were $3.49 billion, exceeding estimates of $3.42 billion, marking a 10.47% year-over-year increase. The company credits strong execution for operating margin expansion and plans to repurchase $1.3 billion in shares through Q3 2024. CEO Douglas Peterson highlighted record revenue and investments in AI, sustainability, and private markets. S&P Global raised its full-year 2024 revenue outlook to 6%-8% and expects adjusted earnings between $13.85 and $14.10 per share.
April 25, 2024 | 6:24 pm
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S&P Global Inc. reported strong Q1 earnings and sales, exceeding analyst expectations. The company announced a significant share repurchase plan and raised its full-year 2024 revenue outlook.
The positive earnings report and sales figures, coupled with the share repurchase plan and raised revenue outlook, indicate strong financial health and strategic growth initiatives. These factors are likely to positively influence investor sentiment and potentially drive up SPGI's stock price in the short term.
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