S&P Global Raises Full-Year Adjusted Profit Outlook

Published: 2021-10-26 07:46:03 ET SPGI

By Matt Grossman

S&P Global Inc. Thursday raised its full-year adjusted-earnings guidance.

The credit-ratings and financial-data company said it now expects adjusted earnings of $13.50 a share to $13.65 a share, a rise of about 50 cents a share from previous guidance.

S&P also initiated guidance for 2021 on an as-reported basis, because it now expects its merger with IHS Markit will not close until 2022. This year, S&P expects as-reported earnings of $12.50 a share to $12.65 a share, and revenue growth by a low double-digit percentage compared with 2020.

Analysts had been forecasting as-reported earnings of $12.67 a share and revenue growth of 9%, according to FactSet.

Write to Matt Grossman at [email protected]

(END) Dow Jones Newswires

10-26-21 0745ET