UPDATE: IHS Posts Upbeat Q3 Results
IHS (NYSE: IHS) reported upbeat third-quarter results.
IHS's quarterly net income declined to $23.4 million, or $0.35 per share, from $44.1 million, or $0.66 per share, in the year-ago period. Excluding items, it earned $1.27 per share.
Its revenue climbed 25% to $480.3 million. However, analysts were estimating earnings of $1.18 per share on revenue of $468.5 million.
IHS last month lifted its full-year adjusted earnings view to $4.74 to $5.00 per share on sales of $1.80 billion to $1.82 billion.
IHS shares closed at $114.90 yesterday.
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