IHS Inc. (NYSE:IHS) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
IHS Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 28.28% to $1.27 in the quarter versus EPS of $0.99 in the year-earlier quarter.
Revenue: Rose 24.56% to $480.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: IHS Inc. reported adjusted EPS income of $1.27 per share. By that measure, the company beat the mean analyst estimate of $1.18. It beat the average revenue estimate of $468.48 million.
Quoting Management: “Positive third-quarter results were highlighted by our best overall organic revenue growth rate yet this year and very strong initial results from our recent R.L. Polk acquisition,” said Scott Key, IHS president and chief executive officer. “Additionally, we completed a series of strategic product releases during the quarter that have us on track in our strategy of converging IHS information, workflow tools, insight, research and analytics capabilities onto integrated platforms. The development and rollout of these integrated platforms represents the largest commercial deployment in our company’s history and are a key element in our delivery of long-term profitable growth.”
Key Stats (on next page)…