Business information provider IHS Inc.'s (IHS) second-quarter net income dropped to $42.89 million, or $0.65 per share, from $44.19 million, or $0.66 per share, last year. On the other hand, adjusted per-share earnings amounted to $1.04 during the recent period. On average, 9 analysts polled by Thomson Reuters expected earnings per share of $1.03 for the quarter. Analysts' estimates typically exclude one-time items.
The firm clocked revenue of $418.14 million in the quarter, up eight percent from the prior-year period's $387.16 million, with an organic revenue growth rate of three percent overall, including six percent for subscription-based business. Analysts estimated revenues of $423.28 million for the quarter.
For the year ending November 30, 2013, IHS sees adjusted earnings per share between $4.23 and $4.43, and an all-in revenue of $1.66 billion - $1.73 billion, including an overall organic growth rate expected to be between 5-7 percent at the midpoint. Analysts project annual earnings of $4.35 per share, on $1.68 billion revenue.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.