S&P Global (SPGI) Tops Q4 EPS by 10c, Revenues Beat; Offers FY20 EPS Mid-Point Guidance Above Consensus
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S&P Global Reports 4th Quarter and Full-Year 2019 Results
February 6, 2020 7:10 AM ESTNEW YORK, Feb. 6, 2020 /PRNewswire/ -- S&P Global (NYSE: SPGI) today reported fourth-quarter and full-year 2019 results. The Company reported fourth quarter 2019 revenue of $1.74 billion, an increase of 13% compared to the same period in 2018 with growth in all four businesses.
Fourth quarter net income increased 6% to $541 million and diluted earnings per share increased 8% to $2.20. Both increased due to revenue growth and productivity improvements partially offset by investment spending, payments associated with the early retirement of Company bonds, and a higher effective tax rate. Adjusted net income for the fourth quarter increased 11% to $621... More
