NEW YORK (TheStreet) -- Shares of IHS Inc. (IHS) are lower by 3.55% to $133.70 in late morning trading on Thursday, despite reporting a 21% increase in adjusted EBITDA for the 2014 third quarter to $174 million, or $1.49 per adjusted diluted share.
The business research firm said revenue grew by 16% to $556 million, over the 2013 third quarter.
Analysts polled by Thomson Reuters expected IHS to report earnings of $1.44 per share on revenue of $556.66 million.STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
The company raised its outlook for the fiscal year and is now expecting earnings in the range of $5.70 to $5.80 per share, from its previous guidance of $5.50 to $5.85 per share.
Revenue is now expected to be between $2.22 billion and $2.23 billion, from the company's earlier forecast range of $2.17 billion to $2.23 billion.
Analysts are expecting earnings of $5.80 per share on revenue of $2.24 billion.
Separately, TheStreet Ratings team rates IHS INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate IHS INC (IHS) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. 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 net income and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."
You can view the full analysis from the report here: IHS Ratings ReportIHS data by YCharts