IHS Q4 EPS Up 52%

(RTTNews) - IHS Inc. (IHS) Tuesday reported a surge in fourth quarter net income to $90.48 million from $60.118 million last year. Earnings per share climbed 52 percent to $1.32 from $0.87 last year. On an adjusted basis, including disc-ops earnings per share were $1.68. On average, 13 analysts polled by Thomson Reuters expected the company to report $1.56 per share. Analysts estimates usually exclude special items.

Revenue for the fourth quarter, excluding disc-ops were up 3 percent to $555.706 million from $541.132 million a year ago. Revenue including disc-ops increased one percent to $588.678 million from $582.317 million in the prior year. Wall Street was looking for $599.38 million.

Looking ahead to the fiscal 2016, the company expects revenue in a range of $2.30 to $2.38 billion. Adjusted EBITDA is expected in a range of $770 to $800 million, while adjusted earnings per share is expected in a range of $6 to $6.30 per share. Analysts expect $6.41 per share.