financetom
Business
financetom
/
Business
/
S&P Global reports higher first-quarter profit on demand for analytics products
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
S&P Global reports higher first-quarter profit on demand for analytics products
Apr 28, 2026 5:30 AM

April 28 (Reuters) - Financial information company S&P Global ( SPGI ) reported a rise in first-quarter profit on Tuesday on strong demand for its data and analytics offerings amid geopolitical uncertainty, sending its shares up about 1.3% in premarket trading.

Rising market volatility, private credit concerns and geopolitical uncertainty pushed investors to rely more on market analytics and risk assessment tools, helping firms such as S&P Global ( SPGI ).

The New York-based company provides credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets.

Ratings agency Moody's also reported a rise in profit earlier this month, driven by strong demand for its research and analytics products.

Revenue from S&P's ratings segment, which provides credit ratings, research and analytics to investors, jumped 13% to $1.3 billion in the three months ending March 31.

Meanwhile, revenue from its market intelligence unit, which provides data and analytics to investment professionals, corporations and government agencies, rose 8% to $1.3 billion.

Total revenue increased 10% to $4.17 billion.

The company reported profit of $4.69 per share for the quarter, compared with $3.54 per share a year earlier.

S&P Global's ( SPGI ) shares have lost more than 15% this year as investor unease over AI-driven disruption in the software and services sector weighed on the stock.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Update: Seagate Technology Swings to Fiscal Q4 Earnings, Revenue Rises; Sets Q1 Outlook; Shares Jump Premarket
Update: Seagate Technology Swings to Fiscal Q4 Earnings, Revenue Rises; Sets Q1 Outlook; Shares Jump Premarket
Jul 24, 2024
05:21 AM EDT, 07/24/2024 (MT Newswires) -- (Updates with the stock move in the headline and the first paragraph.) Seagate Technology ( STX ) shares were up 5.3% in premarket activity on Wednesday after the company overnight reported it swung into the black with sales jumping more than forecast. The company reported fiscal Q4 non-GAAP earnings late Tuesday of $1.05...
Israeli cyber security company Check Point appoints Nadav Zafrir as new CEO
Israeli cyber security company Check Point appoints Nadav Zafrir as new CEO
Jul 24, 2024
JERUSALEM, July 24 (Reuters) - Check Point Software Technologies ( CHKP ) on Wednesday said that cybersecurity veteran Nadav Zafrir will become its new chief executive starting in December. Gil Shwed, the company's current CEO and founder, will move into the role of executive chairman, it said. The company reported second quarter revenue of $627 million, a 7% increase on...
Constellium Launches Euro-, US Dollar-Denominated Senior Notes Offering
Constellium Launches Euro-, US Dollar-Denominated Senior Notes Offering
Jul 24, 2024
05:13 AM EDT, 07/24/2024 (MT Newswires) -- Constellium (CSTM) launched Wednesday a private offering of about 300 million euros ($325 million) in euro-denominated senior unsecured notes due 2032 and $350 million in US dollar-denominated senior unsecured notes due 2032. Proceeds will be used to redeem the company's outstanding 5.875% senior notes due 2026 and 4.25% senior notes due 2026, according...
Update: Geron Chief Commercial Officer Anil Kapur to Leave at End of August; Shares Drop Premarket
Update: Geron Chief Commercial Officer Anil Kapur to Leave at End of August; Shares Drop Premarket
Jul 24, 2024
05:27 AM EDT, 07/24/2024 (MT Newswires) -- (Updates with the stock move in the headline and the last paragraph.) Geron ( GERN ) said late Tuesday that Chief Commercial Officer Anil Kapur will leave the company on Aug. 31 to pursue other interests. Chief Operating Officer Andrew Grethlein will be the interim head of the commercial team while the company...
Copyright 2023-2026 - www.financetom.com All Rights Reserved