Latest activity in recent index: IHS Markit Ltd (NYSE: INFO)

On Thursday, IHS Markit Ltd (NYSE: INFO) remained among the day losers and traded with change of -0.31% on volume of 1690156 shares in the last session as compared to average volume of 2172244 shares. During last trade its minimum price was $79.44 and it gained highest price of $81.1. INFO has total market capitalization of $ 31.08B. Its closing value stands at $79.95.

IHS Markit (INFO) recently stated results for the second quarter ended May 31, 2020.

Revenue of $1.027B, including total organic revenue growth of negative 7 percent, or negative 3 percent adjusted for the events cancellation

Net income of $71M and diluted earnings per share (EPS) of $0.18

Adjusted EBITDA of $454M and Adjusted earnings per diluted share (Adjusted EPS) of $0.69

Cash flow from operations of $278M and free cash flow of $209M

“Q2 was a challenging quarter Because of the COVID-19 pandemic, but I am very happy with how the organization responded and how we are positioned to deliver strong results in 2020 and beyond,” stated Lance Uggla, chairman and chief executive officer at IHS Markit.

“We are happy with the speed and level of cost actions taken in the quarter which will help us to protect profit and deliver earnings growth in 2020 with accelerating growth in 2021,” stated Jonathan Gear, chief financial officer at IHS Markit.

Second Quarter 2020 Operating Performance

Section results were as follows (additional section information is included later in this release):

Financial Services. Second quarter revenue for Financial Services increased $11M, or 2 percent, to $444M, and included 3 percent total organic growth. Second quarter Adjusted EBITDA for Financial Services increased $26M, or 13 percent, to $231M.

Transportation. Second quarter revenue for Transportation reduced $75M, or 24 percent, to $243M, and included negative 18 percent total organic growth. Second quarter Adjusted EBITDA for Transportation reduced $35M, or 26 percent, to $102M.

Resources. Second quarter revenue for Resources reduced $30M, or 12 percent, to $219M, and included negative 14 percent total organic growth. Second quarter Adjusted EBITDA for Resources reduced $13M, or 12 percent, to $96M.

Consolidated Markets & Solutions (CMS). Second quarter revenue for CMS reduced $14M, or 10 percent, to $121M, and included 2 percent total organic growth. Second quarter Adjusted EBITDA for CMS increased $6M, or 19 percent, to $35M.

The price moved ahead of 4.85% from the mean of 20 days, 10.21% from mean of 50 days SMA and performed 12.62% from mean of 200 days price. Company’s performance for the week was 3.20%, – 9.87% for month and YTD performance remained 6.10%.

Leave a Reply

Your email address will not be published. Required fields are marked *