UPDATE: IHS Posts Upbeat Q3 Results

IHS 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.