UPDATE: IHS Posts Drop In Q2 Profit

IHS IHS reported a drop in its second-quarter net income. Its non-subscription business rose 4% during the second quarter, while overall revenue increased 8% to $418.1 million. IHS's net income declined to $42.9 million, or $0.65 per share, from $44.0 million, or $0.66 per share, in the year-ago period. Excluding one-time items, IHS earned $1.04 per share. IHS shares closed at $107.80 yesterday.