BUZZ-S&P Global rises on better-than-expected forecast, share buyback
ReutersFeb 11, 2025 1:12 PM
Financial information company S&P Global's SPGI.N shares rise 4.2% to $537 in premarket trading
Co forecasts 2025 adj profit between $17.00 per share and $17.25 per share, beating analysts' estimate of $16.92 per share, according to data compiled by LSEG
The New York-based company also announced a $650 mln accelerated share repurchase program
Revenue from Ratings segment jumped 27% to $1.06 bln in the quarter ending Dec. 31
Revenue from the Market Intelligence segment rose 5% to $1.19 bln
Total revenue increased 14% to $3.59 bln
Stock up 3.47% YTD as of previous close, and rose ~13% in 2024
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