IHS Inc. Shares Down Sharply After Earnings Report

IHS Inc. IHS shares are down sharply this afternoon, down more than 7% after the company reported earnings last night. The company reported earnings of 59 cents per share. Excluding one time items, IHS reported earnings of 83 cents per share on $325.1 million. Wall Street had been expecting earnings of 87 cents per share on $320.8 million. The company said it expects full year earnings of $3.33 to $3.43 per share on $1.29 billion to $1.32 billion in revenue. Wall Street had been expecting earnings of $3.42 per share on $1.29 billion in revenues. At last check, shares were off $81.47, a loss of $6.52 or 7.4% so far during the session.