Company Of The Day: IHS Markit

September 29th, 2021 by Trefis Team
+439.10%
Upside
20.98
Market
113
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INFO: IHS Markit logo
INFO
IHS Markit

What?

IHS Markit (NASDAQ:INFO) published a stronger than expected set of Q3 FY’21 results on Tuesday, with revenue rising 10% year-over-year to $1.18 billion and adjusted EPS coming in at $0.85, up from around $0.77 in Q3 2020.

Why?

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Growth was driven primarily by the company’s transportation and financial services segments, which saw sales rise 20% and 11% year-over-year respectively.

So What?

While IHS Markit’s earnings don’t move the stock as much, given that the company is in the process of merging with larger rival S&P Global, the stock fell by almost 5% in Tuesday’s trading due to the broader market sell-off.

See Our Complete Analysis For IHS Markit

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