- S&P Global press release ( NYSE: SPGI ): Q4 Non-GAAP EPS of $2.54 beats by $0.06 .
- Revenue of $2.94B (+40.7% Y/Y) beats by $60M .
- Market Intelligence revenue increased 83% to $1,037 million in the fourth quarter primarily driven by the inclusion of IHS Markit revenue and increased 3% compared to pro forma revenue.
- Ratings revenue decreased 29% to $705 million. Transaction revenue decreased 51% to $249 million in the fourth quarter primarily due to decreases in issuance volumes.
- Commodity Insights revenue increased 70% to $451 million compared to prior year and increased 5% compared to pro forma revenue with growth in the core subscription business and increased Global Trading Services activity.
- We are not providing 2023 GAAP guidance because, given the inherent uncertainty around the timing of the divestiture of Engineering Solutions, management cannot reliably predict all of the necessary components of GAAP measures. The Company expects non-GAAP adjusted diluted EPS in the range of $12.35 to $12.55 vs. $12.55 consensus
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S&P Global Non-GAAP EPS of $2.54 beats by $0.06, revenue of $2.94B beats by $60M