NEW YORK (TheStreet) -- Shares of IHS (IHS) closed higher by 2.86% to $110.93 on heavy trading volume Tuesday after the Englewood, CO-based company reported better-than-expected earnings for the 2016 second quarter.
Before today's opening bell, the business information and analytics company posted adjusted earnings of $1.60 per share, topping analysts' expectations of $1.48 per share.
Revenue rose 6% to $587.97 million from last year, while Wall Street was projecting revenue of $588.74 million.
"I am very pleased with how well we are managing the business given the headwinds in energy," CEO Jerre Stead said in a statement. "We are protecting our shareholders' returns during this tough operating environment through strong non-energy revenue growth and a focus on margin expansion."
For the year ending November 30, IHS forecasts adjusted earnings per share between $6 and $6.30 on revenue of $2.3 billion to $2.38 billion, in line with analysts' estimates.
Analysts are modeling earnings of $6.17 per share on revenue of $2.33 billion for the full year.
About 1.11 million of the company's shares changed hands today compared to its average volume of 271,318 shares per day.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of B on the stock.
The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, increase in net income and growth in earnings per share.
The team believes its strengths outweigh the fact that the company has had lackluster performance in the stock itself.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: IHS