UPDATE: IHS Posts Upbeat Q1 Results

IHS

reported upbeat first-quarter results. IHS's quarterly net income surged to $32.4 million, or $0.47 per share, versus a year-ago profit of $24.7 million, or $0.37 per share. Excluding items, it earned $1.28 per share. Its revenue climbed 37% to $524.5 million. However, analysts were projecting earnings of $1.25 per share on revenue of $514.1 million. IHS shares closed at $120.77 yesterday.