S&P Global Grew Revenue 10% and Still Missed on Earnings. Except, Maybe It Didn't.
The consensus bottom-line forecasts most investors were comparing its results to didn't appear to factor in changes stemming from a recent spinoff, or any one-time costs related to it.
Overview
It wasn't exactly the result the market had hoped to see from S&P Global (NYSE: SPGI) this week. Although its second-quarter top line grew 10% to nearly $4.15 billion to top analysts' estimates of $4.11 billion, per-share earnings of $4.12 fell short of most consensus estimates. The financial company also dialed back its sales and profit guidance for the full year.
Investors understandably flinched, dragging the stock down by more than a little bit in response. Yet, there may be some confusion surrounding all the numbers S&P Global dropped on Tuesday. Things aren't nearly as bad as the headlines suggest. Here's why.
Details
You know S&P Global, although you know it better as Standard & Poor's -- the company that manages and licenses the S&P 500 index, rates bonds, researches stocks, and sells an array of market data and intelligence.
Source
Originally published at www.fool.com.