NEW YORK (TheStreet) -- IHS (IHS) shares are up 3% to $134.10 on Thursday after reporting second quarter earnings ahead of analysts expectations.
The company, which is an energy and power design information provider, reported earnings of $1.47 per diluted share during the quarter, 3 cents better than what analysts had expected.
Revenue for the quarter rose 36% over the previous year to $568 million, well ahead of analysts $550.2 million forecast.
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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 several positive factors, 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 robust revenue growth, expanding profit margins, good cash flow from operations, increase in stock price during the past year and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."