<\/p>\n
S&P Global beat Street estimates for its first-quarter profit, as hopes of a “soft landing” spurred investors to spend more on data and analytics products.<\/p>\n
With growing expectations of the U.S. Federal Reserve avoiding a recession, investors are increasingly spending more on analytics and data-related products. This trend bodes well for companies like S&P Global who provide such offerings.<\/p>\n
Revenue from S&P’s Ratings segment, which provides credit ratings, research and analytics to investors, jumped 29% to $1.06 billion in the quarter from a year earlier. It helped the company post its record quarterly revenue of $3.49 billion.<\/p>\n
The company reported an adjusted diluted profit of $4.01 per share for the three months ended March 31, compared with analysts’ expectations of $3.66 per share.<\/p>\n
The New York-based firm also raised its full-year revenue growth as well as adjusted profit forecast on growing optimism of a rebound in the economy and increased confidence in strong demand for its services.<\/p>\n
The company now forecasts a full-year adjusted profit of $13.85 to $14.10 per share, compared with its earlier expectations of $13.75 to $14.00 per share.<\/p>\n
It expects its revenue growth for 2024 to be between 6% to 8%, compared with 5.5% to 7.5% it forecast earlier.<\/p>\n
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S&P Global beat Street estimates for its first-quarter profit, as hopes of a “soft landing” spurred investors to spend more on data and analytics products. With growing expectations of the U.S. Federal Reserve avoiding a recession, investors are increasingly spending more on analytics and data-related products. This trend bodes well for companies like S&P Global […]<\/p>\n","protected":false},"author":1,"featured_media":1486,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1485","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/04\/SP-Global-30-881x445.jpeg",881,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/04\/SP-Global-30-463x348.jpeg",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/04\/SP-Global-30-300x202.jpeg",300,202,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/04\/SP-Global-30.jpeg",881,592,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/1485","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=1485"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/1485\/revisions"}],"predecessor-version":[{"id":1487,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/1485\/revisions\/1487"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/1486"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=1485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=1485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=1485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}