Markit Ltd (MRKT) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Markit Ltd (MRKT) reported quarterly earnings results on Tuesday, May-10-2016. The company reported $0.35 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.36. The company posted revenue of $287.80 million in the period, compared to analysts expectations of $294.00 million. The company’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

Many Wall Street Analysts have commented on Markit Ltd. Company shares were Reiterated by RBC Capital Mkts on Mar 24, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 36 from a previous price target of $30 .Company shares were Reiterated by UBS on Mar 22, 2016 to “Neutral”, Firm has raised the Price Target to $ 34 from a previous price target of $28 .Company shares were Reiterated by Barclays on Mar 22, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 35 from a previous price target of $30 .

Markit Ltd opened for trading at $34.1 and hit $34.9 on the upside on Friday, eventually ending the session at $34.5, with a gain of 0.26% or 0.09 points. The heightened volatility saw the trading volume jump to 5,21,545 shares. Company has a market cap of $6,969 M.

Markit Ltd. is a global diversified provider of financial information services. The Company provides pricing and reference data indices valuation and trading services trade processing enterprise software and managed services. The Company’s business is organized in three segments. The Information segment provides content comprising pricing and reference data indices and valuation and trading services across multiple asset classes and geographies through both direct and third-party distribution channels. The Processing segment offers trade processing solutions globally for over-the-counter (OTC) derivatives foreign exchange (FX) and syndicated loans including connectivity infrastructure and post-trade support. The Solutions segment provides configurable enterprise software platforms managed services and hosted custom Web solutions. The Company has operations around the world and sells mainly within the United Kingdom the United States of America and Europe.

Markit Ltd

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