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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