IHS Q3 Profit Down; Backs FY13 Outlook - Quick Facts

(RTTNews) - IHS Inc. (IHS), global source of information and analytics, reported that its third-quarter net income declined to $23.36 million or $0.35 per share, from $44.08 million or $0.66 per share in the same quarter last year.

Acquisition-related costs increased to $14.50 million from $2.10 million in the prior year.

Adjusted net income for the quarter increased to $85.50 million or $1.27 per share, from $80.41 million or $1.20 per share last year. Analysts polled by Thomson Reuters expected the company to report earnings of $1.18 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter rose to $480.29 million from $385.61 million in the prior year quarter. Eight analysts had consensus revenue estimate of $468.48 million for the quarter.

For the year ending November 30, 2013, the company still expects adjusted earnings per share to be in a range of $4.75 to $5.00 per share, and revenue of $1.80 billion to $1.82 billion. Analysts expect the company to report earnings of $4.88 per share and revenues of $1.81 billion for fiscal 2013.