Credit Rating Company S&P Global Q2 Sales Rise 14%, Boosts Guidance
Portfolio Pulse from Anusuya Lahiri
S&P Global Inc (NYSE:SPGI) reported strong Q2 results with a 14% increase in sales and a 30% rise in adjusted EPS, beating analyst estimates. The company raised its full-year revenue and EPS outlook and announced a $1.5 billion share buyback plan.
July 30, 2024 | 6:30 pm
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S&P Global Inc reported strong Q2 results with a 14% increase in sales and a 30% rise in adjusted EPS, beating analyst estimates. The company raised its full-year revenue and EPS outlook and announced a $1.5 billion share buyback plan.
The strong Q2 results, raised full-year outlook, and significant share buyback plan are likely to positively impact SPGI's stock price in the short term. The company's performance exceeded analyst expectations, and the buyback plan indicates confidence in future growth.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100