IHS Markit Ltd. Q1 adjusted earnings Beat Estimates

(RTTNews) - IHS Markit Ltd. (INFO) released a profit for its first quarter that increased from the same period last year.

The company's earnings came in at $485.0M, or $1.20 per share. This compares with $109.7M, or $0.27 per share, in last year's first quarter.

Excluding items, IHS Markit Ltd. reported adjusted earnings of $266.0 million or $0.66 per share for the period.

Analysts had expected the company to earn $0.64 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.9% to $1.08 billion from $1.05 billion last year.

IHS Markit Ltd. earnings at a glance:

-Earnings (Q1): $266.0 Mln. vs. $243.1 Mln. last year. -EPS (Q1): $0.66 vs. $0.60 last year. -Analysts Estimate: $0.64 -Revenue (Q1): $1.08 Bln vs. $1.05 Bln last year.