Friday, September 21, 2012

IHS 3Q results miss Street's view, cuts outlook

ENGLEWOOD, Colo. (AP) ? Global consulting and analytics company IHS Inc. reported Thursday its third-quarter net income and revenue climbed, but the results missed Wall Street's expectations and it lowered its full-year earnings and revenue forecasts.

IHS Inc. earned $44.1 million, or 66 cents per share, for the three months ended Aug. 31. A year earlier the Englewood, Colo., company earned $40.8 million, or 62 cents per share.

Removing stock-based compensation expense, restructuring charges and acquisition-related costs, earnings were 99 cents per share.

Revenue increased 14 percent to $385.6 million from $338.7 million on better results from both its product and services segments.

Analysts expected earnings of $1.01 per share on revenue of $405.4 million, according to a FactSet survey.

Chairman and CEO Jerre Stead said in a statement on Thursday that the company's subscription business ? which made up 76 percent of total revenue ? is still strong but its non-subscription business softened as customers delayed business spending decisions. The company serves industries including aerospace and defense, metals and mining, and shipping and transportation.

Looking ahead, IHS now anticipates full-year adjusted earnings of $3.77 per share to $3.89 per share on revenue in a range of $1.52 billion to $1.54 billion. Its prior outlook was for earnings of $3.88 to $4.01 per share on revenue between $1.55 billion and $1.6 billion.

Wall Street foresees full-year earnings of $3.98 per share on revenue of $1.57 billion.

Source: http://news.yahoo.com/ihs-3q-results-miss-streets-view-cuts-outlook-120447790--finance.html

rob the firm new york philharmonic marines urinating on taliban critics choice awards super pac dre kirkpatrick

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.