Shares of S&P Global SPGI fell 0.1% in pre-market trading after the company reported Q3 results.
Quarterly Results
Earnings per share were up 15.85% over the past year to $2.85, which beat the estimate of $2.58.
Revenue of $1,846,000,000 higher by 9.30% year over year, which beat the estimate of $1,740,000,000.
Looking Ahead
The upcoming fiscal year's EPS expected to be between $11.30 and $11.45.
Conference Call Details
Date: Oct 27, 2020
Time: 08:30 AM
ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/spgi/mediaframe/41133/indexr.html
Technicals
Company's 52-week high was at $379.87
52-week low: $186.06
Price action over last quarter: down 7.31%
Company Overview
S&P Global provides data and benchmarks to capital and commodity market participants. S&P Ratings, which comprises over 40% of the firm's revenue and over 50% of the firm's operating income, is the largest credit ratings agency in the world. The firm's other segments include Market Intelligence, Indices, and Platts. Market Intelligence provides desktop tools and other data solutions to investment banks, corporations, and other entities. Indices provides benchmarks for financial markets and is monetized through subscriptions, asset-based fees, and transaction-based royalties. Platts provides benchmarks to commodity markets, principally petroleum.
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