IHS Q1 Results Top Estimates; Backs FY14 Outlook - Quick Facts

(RTTNews) - IHS Inc. (IHS), global source of information and analytics, reported that its net income for the first quarter ended February 28, 2014 increased to $32.42 million or $0.47 per share, from $24.67 million or $0.37 per share in the same quarter last year.

Adjusted earnings per share improved to $1.28 from $1.08 last year. Analysts polled by Thomson Reuters expected the company to report earnings of $1.25 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter rose to $524.46 million from $382.53 million in the prior year quarter. Thirteen analysts had consensus revenue estimate of $514.05 million for the quarter.

For the year ending November 30, 2014, the company still expects adjusted earnings to be in a range of $5.50 to $5.85 per share, Adjusted EBITDA of $675 million to $705 million, and revenue of $2.17 billion to $2.23 billion, including 6-7 percent organic growth on the subscription base. Street currently is looking for fiscal year 2014 earnings of $5.77 per share on annual revenues of $2.22 billion.