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S&P Global forecasts annual profit above estimates on strong demand for its offerings
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S&P Global forecasts annual profit above estimates on strong demand for its offerings
Feb 11, 2025 5:20 AM

Feb 11 (Reuters) - S&P Global ( SPGI ) on Tuesday

forecast 2025 adjusted earnings per share above Wall Street

estimates, as the financial information company anticipated

increasing demand for its data and analytics offerings amid

macroeconomic uncertainty.

Demand for market analytical tools has risen as investors

try to capture alpha in a post-U.S. election market rally over

anticipation of deregulation and tax cuts under the Trump

administration.

The New York-based company, which is the largest credit

ratings agency in the U.S., also announced a $650 million

accelerated share repurchase program.

Shares of S&P Global ( SPGI ) rose 3.4% in premarket trading.

The company forecast an annual profit of $17.00 to $17.25

per share, above analysts' estimate of $16.92, according to data

compiled by LSEG.

Revenue from S&P's Ratings segment, which provides credit

ratings, research and analytics to investors, jumped 27% to

$1.06 billion in the three months ending December 31.

Revenue from the Market Intelligence unit - S&P Global's ( SPGI )

biggest segment that provides data and analytics to investment

professionals, corporations and government agencies - rose 5% to

$1.19 billion.

Total quarterly revenue jumped 14% to $3.59 billion.

The company reported an adjusted profit of $3.77 per share,

surpassing analysts' expectation of $3.48 per share.

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