5 Key Earnings Reports to Watch

2. IHS Markit Ltd. (NYSE:INFO)

Number of Hedge Fund Holders: 61

Shares of IHS Markit Ltd. (NYSE:INFO) fell more than five percent on Tuesday, 28 September 2021, despite announcing better-than-expected results for its fiscal third quarter. The company reported adjusted earnings of 85 cents per share, up from 77 cents per share in the comparable period of 2020.

Revenue came in at $1.181 billion, compared to $1.07 billion in the year-ago quarter. Analysts were expecting IHS Markit Ltd. (NYSE:INFO) to report adjusted earnings of 83 cents per share on revenue of $1.17 billion.

IHS Markit Ltd. (NYSE:INFO) said that revenue from its financial services increased 10 percent to $490 million, while revenue from the transportation segment rose 16 percent to $347 million. In comparison, resources revenue remained nearly flat at $208 million.

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Discussing the results, CEO Lance Uggla said:

“We had another great quarter and we expect to finish the year strong. I am very proud of our team’s execution and partnership with our customers as we manage to the merger with S&P Global.”