Credit Rating Company S&P Global Q2 Sales Rise 14%, Boosts Guidance

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S&P Global Inc (NYSE:SPGI) reported quarterly adjusted EPS of $4.04, which beat the analyst consensus estimate of $3.65 and represented a 30% increase year over year.

Quarterly sales were $3.55 billion, beating the analyst consensus estimate of $3.42 billion and representing a 14% increase year over year, driven by growth in all divisions.

Adjusted operating profit margin increased 450 basis points to 50.7%, primarily due to revenue growth in its Ratings and Indices divisions.

S&P Global generated $1.5 billion in free cash flow for the quarter.

Also Read: Leadership Shuffle At S&P Global: Picks Insider Martina Cheung As CEO

Buyback: S&P Global …

Full story available on Benzinga.com