IHS Markit (INFO) reported earnings generally in-line with estimations and presented a cost cutting action plan targeting to achieve earnings growth in 2020, even in the most conservative scenario outlined by the company. While this effort is surely welcome by its shareholders, the company's exposure to energy and automotive sectors will be a headwind during this downturn.
Q1 2020 Earnings Highlights and Outlook
IHS Markit reported a revenue growth of 3% over a year ago, reaching $1.08 billion in the quarter, in-line with expectations and representing an organic revenue growth of 6%, considering