S&P Global Posts Higher 2Q Revenue on Broad Growth
27 July 2023 - 10:09PM
Dow Jones News
By Will Feuer
S&P Global reported higher revenue in the second quarter,
lifted by sales growth across its businesses.
The New York-based credit-ratings and data provider reported a
profit of $511 million, or $1.60 a share, down from a profit of
$972 million, or $2.86 a share, in the same quarter a year ago.
Stripping out one-time items, earnings came to $3.12 a share,
matching expectations of analysts polled by FactSet.
Sales rose 4% to $3.10 billion. Analysts surveyed by FactSet
expected $3.05 billion.
Sales rose across all of the company's businesses, excluding its
engineering-solutions business, which it has agreed to sell for
$975 million to private-equity buyers. S&P Global's ratings
business recorded a 7% rise in sales and its market-intelligence
unit posted a 5% increase in sales.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
July 27, 2023 07:54 ET (11:54 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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