This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

IHS 3Q Results Miss Street's View, Cuts Outlook

ENGLEWOOD, Colo. (AP) â¿¿ Global consulting and analytics company IHS Inc. reported Thursday its third-quarter net income and revenue climbed, but the results missed Wall Street's expectations and it lowered its full-year earnings and revenue forecasts.

IHS Inc. earned $44.1 million, or 66 cents per share, for the three months ended Aug. 31. A year earlier the Englewood, Colo., company earned $40.8 million, or 62 cents per share.

Removing stock-based compensation expense, restructuring charges and acquisition-related costs, earnings were 99 cents per share.

Revenue increased 14 percent to $385.6 million from $338.7 million on better results from both its product and services segments.

Analysts expected earnings of $1.01 per share on revenue of $405.4 million, according to a FactSet survey.

Chairman and CEO Jerre Stead said in a statement on Thursday that the company's subscription business â¿¿ which made up 76 percent of total revenue â¿¿ is still strong but its non-subscription business softened as customers delayed business spending decisions. The company serves industries including aerospace and defense, metals and mining, and shipping and transportation.

Looking ahead, IHS now anticipates full-year adjusted earnings of $3.77 per share to $3.89 per share on revenue in a range of $1.52 billion to $1.54 billion. Its prior outlook was for earnings of $3.88 to $4.01 per share on revenue between $1.55 billion and $1.6 billion.

Wall Street foresees full-year earnings of $3.98 per share on revenue of $1.57 billion.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs