S&P Global posted higher sales and earnings for the third quarter, lifted by strength across the data-and-analytics company.
The New York-based credit-ratings and data provider reported a profit of $742 million, or $2.33 a share, up from $608 million, or $1.84 a share, in the same quarter a year ago.
Stripping out one-time items, adjusted earnings were $3.21 a share. Analysts surveyed by FactSet expected adjusted earnings of $3.04 a share.
Sales rose 8% to $3.08 billion. Analysts surveyed by FactSet expected $3.03 billion.
Sales rose across all of the company’s businesses, excluding its engineering-solutions business, which it has agreed to sell for $975 million to private-equity buyers. S&P Global’s ratings business recorded a 20% rise in sales and its market-intelligence unit posted an 8% increase in sales.