Shares of S&P Global Inc. (SPGI) dropped about 7% on Tuesday morning after the financial data and ratings provider issued a softer-than-expected earnings outlook despite posting solid first-quarter results.
The stock is currently trading at $413.95, down $30.33 or 6.83%, on the NYSE. The stock opened at $418.97 after closing Friday at $444.28. The stock has traded between $395.88 and $579.05 in the past 52-week period. Volume surged well above average in active trading.
S&P Global reported first-quarter revenue of $3.78 billion, up 8% year over year, while net income rose 10% to $1.09 billion. Adjusted earnings per share increased 9% to $4.37, supported by strong growth in its Ratings and Indices segments.
However, investors focused on the company's full-year 2025 guidance, which projected revenue growth of 4%-6% and adjusted EPS of $16.75-$17.25, coming in below some market expectations.
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