NEW YORK (TheStreet) -- IHS (IHS) shares closed trading up 2.64 to $132.02 on Tuesday after the analytics and information service provider reported its second quarter earnings results before the opening bell today.

The Englewood, CO-based company reported second quarter net income of $51 million, or $1.50 per share on revenue of $591.4 million.

Analysts on average were expecting the company to report earnings of $1.46 per share on revenue of $576.8 million.

For the full year the company expects to earn between $5.80 and $6 per share on revenue between $2.3 billion and $2.34 billion.

TheStreet Ratings team rates IHS INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate IHS INC (IHS) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

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