McGraw-Hill (MHP), the owner of Standard & Poor's, J.D. Power and Business Week, said its second-quarter earnings rose 13.3% from last year, thanks partly to solid results at its financial services division.

The company said Tuesday that it earned just under $221 million for the quarter, up from about $195 million a year ago. On a per-share basis, McGraw-Hill earned 60 cents a share, 9 cents better than last year.

The latest quarter's results include costs of 3 cents a share for stock-based compensation. Analysts surveyed by Thomson Financial were calling for a profit of 52 cents in the second quarter.

Revenue rose 4.9% to $1.53 billion. At the education division, revenue fell 2.7% to $611.6 million in the second quarter. Financial services revenue increased 13.4% to $677.3 million, and McGraw-Hill's information and media segment had revenue of $238.6 million, up 3.6%.

Looking ahead, the company raised its full-year forecast, saying it should earn $2.44 to $2.49 a share, excluding the effect of stock-based compensation expenses. Previously, it had projected a profit of $2.36 to $2.41. The consensus estimate is $2.35. McGraw-Hill also said it expects to return to double-digit earnings growth in 2007.

Shares of McGraw-Hill were rising $1.35, or 2.7%, to $51.75 in recent trading.

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