S&P Global rises after Q3 results
SPGI•S&P Global reported third-quarter adjusted net income of $1.34 billion, up from $1.28 billion a year earlier, and revenue of $3.68 billion, up 7%. The company also began a strategic review of alternatives, including a potential separation of Capital IQ and associated data businesses.
1. Results and review
S&P Global shares rose 4.1% in premarket trading after the company reported third-quarter adjusted net income of $1.34 billion for the three months ended September 30, compared with $1.28 billion a year earlier. Revenue increased 7% to $3.68 billion, driven by indices and market intelligence, with additional growth in energy and ratings. The company initiated a strategic review of alternatives, including a potential separation of Capital IQ and associated data businesses.
