IHS Q4 Profit Down - Quick Facts

(RTTNews) - Business information provider IHS Inc. (IHS) reported that its fourth-quarter net income declined to $40.81 million or $0.60 per share, from $46.42 million or $0.69 per share in the same quarter last year.

Adjusted net income for the quarter was $100.08 million, up from $95.25 million in the year ago quarter. Adjusted earnings per share grew to $1.46 from last year's $1.42. Analysts polled by Thomson Reuters expected the company to report earnings of $1.27 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter rose to $559.68 million from $414.36 million in the prior year quarter. Eleven analysts had consensus revenue estimate of $534.84 million for the quarter.

For the year ending November 30, 2014, the company expects adjusted earnings to be in a range of $5.50 to $5.85 per share. The firm expects revenue to be in a range 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 $5.58 per share on annual revenues of $2.20 billion.