By Kimberly Chin
S&P Global Inc. said earnings and revenue rose in the fourth quarter as the company benefited from demand for its benchmarks, data, ratings and research.
The New York City-based credit-ratings and data provider said net income attributable to the company was $675 million, up from $454 million a year earlier.
Earnings were $2.79 on a per-share basis, a rise from $1.88 a share a year earlier.
Stripping out one-time items, the company's adjusted earnings were $3.15 a share, it said. Analysts polled by FactSet were expecting adjusted earnings of $3.13 a share.
Revenue increased to $2.09 billion from $1.87 billion. Analysts were forecasting revenue of $2.05 billion.
Revenue from credit ratings rose 12% to $989 million, it said.
Revenue from the S&P Dow Jones Indices business, in which S&P owns a majority stake, rose 18% to $303 million, it said.
Market-intelligence revenue was $584 million, an 8% increase from a year earlier. Revenue from the Platts energy-news business was up by 12% to $249 million, the company said.
The company said it incurred roughly $249 million in expenses related to its pending IHS Markit Ltd. merger.
As part of S&P's efforts to win regulatory approval of the planned IHS Markit acquisition, S&P in December agreed to sell its CUSIP Global Services business to FactSet Research Systems Inc. It has also pledged to shed its Leveraged Commentary & Data business, along with a related family of leveraged loan indexes.
S&P said it continues to schedule the merger's closing for the first quarter.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
02-08-22 0757ET