IHS Q3 Adj. EPS Tops View - Quick Facts

(RTTNews) - IHS Inc. (IHS), the leading global source of information and analytics, reported third-quarter net income of $59.2 million or $0.86 per share, compared to $46.5 million or $0.68 per share, prior year.

Adjusted earnings per share for the latest third quarter were $1.56, up from $1.49 in the comparable quarter last year. On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of $1.47 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased 6 percent to $587.95 million from $556.01 million last year, while 12 analysts expected revenue of $579.07 million for the quarter. Total organic revenue growth was 3 percent, with 5 percent subscription organic revenue growth.

For the year ending November 30, 2015, IHS expects adjusted earnings toward the high end of the range of $5.80 to $6.00 per share. Revenue is expected at the mid-point of the range of $2.30 billion to $2.34 billion, including the low end of 5-6 percent subscription organic growth, negative non-subscription organic growth, and total organic growth of 1-2 percent. Analysts expect the company to report fiscal 2015 earnings per share of $5.92 on revenue of $2.32 billion.