IHS Inc. Reports Rise In Earnings

IHS Inc. IHS released its second quarter earnings results on Wednesday after the closing bell. The company reported net income of $38.7 million, or $0.59 per share, compared to $38.5 million or $0.60 in the year ago period. On an adjusted basis, the company reported earnings per share of $0.83 versus $0.78 in last year's second quarter. This missed Wall Street analysts' consensus EPS estimates of $0.87. Revenues for the quarter were up 22% to $325.1 million compared to $266.5 million in the year ago period. This beat analysts' consensus revenue estimates of $323.49 million. Looking ahead, IHS sees full-year 2011 adjusted earnings per share between $3.33 and $3.43. This compares to analsyts' consensus EPS estimates of $3.43. Full year revenues are anticipated to be between $1.285 billion and $1.315 billion compared to a previous range of $1.275 billion to $1.305 billion. Analysts currently expect the company to report revenues of $1.29 billion for the full year.