IHS Markit Ltd. Q4 Profit Increases, beats estimates

(RTTNews) - IHS Markit Ltd. (INFO) announced a profit for its fourth quarter that increased from last year and beat the Street estimates.

The company's bottom line came in at $737.2 million, or $1.83 per share. This compares with $151.1 million, or $0.38 per share, in last year's fourth quarter.

Excluding items, IHS Markit Ltd. reported adjusted earnings of $341.4 million or $0.85 per share for the period.

Analysts on average had expected the company to earn $0.83 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.3% to $1.18 billion from $1.11 billion last year.

IHS Markit Ltd. earnings at a glance (GAAP) :

-Earnings (Q4): $737.2 Mln. vs. $151.1 Mln. last year. -EPS (Q4): $1.83 vs. $0.38 last year. -Analyst Estimate: $0.83 -Revenue (Q4): $1.18 Bln vs. $1.11 Bln last year.