IHS Markit Ltd. Q1 adjusted earnings Beat Estimates

IHS Markit Ltd. (INFO) announced earnings for first quarter that dropped from last year.

The company's earnings came in at $149.3 million, or $0.37 per share. This compares with $485.0 million, or $1.20 per share, in last year's first quarter.

Excluding items, IHS Markit Ltd. reported adjusted earnings of $283.8 million or $0.71 per share for the period.

Analysts had expected the company to earn $0.70 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.7% to $1.12 billion from $1.08 billion last year.

IHS Markit Ltd. earnings at a glance:

-Earnings (Q1): $283.8 Mln. vs. $266.0 Mln. last year.
-EPS (Q1): $0.71 vs. $0.66 last year.
-Analysts Estimate: $0.70
-Revenue (Q1): $1.12 Bln vs. $1.08 Bln last year.

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