IHS Markit (INFO) Releases Earnings Results, Beats Expectations By $0.01 EPS

IHS Markit (INFO) announced its most recent quarterly financial results on Tuesday, Sep-27-2016. INFO said it had a profit of $0.45 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.44. The company posted revenue of $724.60 million in the period, compared to analysts expectations of $727.79 million. INFO’s revenue was up 29.9% 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 IHS Markit. Company shares were Upgraded by Robert W. Baird on Sep 16, 2016 to ” Outperform”, Firm has raised the Price Target to $ 41 from a previous price target of $39 .Macquarie Initiated IHS Markit on Aug 26, 2016 to “Neutral”, Price Target of the shares are set at $39.IHS Markit was Upgraded by Piper Jaffray to ” Overweight” on Aug 17, 2016.

In a different news, on Aug 17, 2016, Shane Akeroyd (EVP, Head of Account Mngt) sold 50,000 shares at $35.28 per share price. According to the SEC, on Aug 11, 2016, William E Ford (director) sold 3,000,000 shares at $35.05 per share price. On Jul 19, 2016, Jonathan Gear (EVP Resources & Transportation) sold 15,000 shares at $36.00 per share price, according to the Form-4 filing with the securities and exchange commission.

IHS Markit

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