What was S&P Global's reported EPS for the third quarter of 2009?

S&P Global reported diluted earnings per share (EPS) of $1.07 for the third quarter ending September 30, 2009.

How did the company's revenue outlook change for the full year 2009?

The company revised its full-year 2009 revenue forecast downwards, now expecting a decline of approximately 7%, compared to the previously forecasted decrease of 5.5% to 6.5%. This change was attributed to continuing market weakness in school education and advertising.

Did the company change its full-year earnings per share guidance?

No, despite the lower revenue outlook, the company reaffirmed its full-year 2009 EPS guidance. Management now expects to achieve the top end of the previously stated range of $2.20 to $2.25, an improvement from earlier expectations of reaching the low end of that range, driven by effective cost controls.

What items are excluded from the stated full-year EPS guidance?

The full-year 2009 EPS guidance excludes a $0.03 restructuring charge from the second quarter, a $0.03 loss from the divestiture of Vista Research in May, and a projected $0.02 pre-tax gain from the sale of BusinessWeek in the fourth quarter.

SPGI 8-K: Earnings & Results & Regulation FD

Summary

S&P Global Inc. (SPGI) filed an 8-K on October 26, 2009, to furnish its third-quarter 2009 earnings release. The company reported third-quarter diluted earnings per share (EPS) of $1.07. Despite challenging market conditions leading to a downward revision of its full-year revenue forecast to a 7% decline (from a previous 5.5%-6.5% decrease), S&P Global reaffirmed its full-year EPS guidance. The company now anticipates achieving the top end of its previously announced $2.20 to $2.25 EPS range for 2009, an improvement from earlier expectations of landing at the low end. This reaffirmation is attributed to stringent cost control measures implemented by management.

Key Highlights

1Reported third-quarter 2009 diluted EPS of $1.07.
2Lowered 2009 revenue outlook to an approximate 7% decline, citing weakening conditions in school education and advertising markets.
3Reaffirmed full-year 2009 EPS guidance, now expecting to achieve the top end of the $2.20-$2.25 range.
4Attributes improved EPS outlook to stringent cost control measures.
5Full-year EPS guidance excludes specific items: Q2 restructuring charge ($0.03), loss on Vista Research divestiture ($0.03), and projected gain on BusinessWeek sale ($0.02).
6Provided adjusted operating results by segment, excluding restructuring charges and divestiture impacts, for enhanced comparability.

S&P Global Inc. 8-K Report, Financial Results (Oct 26, 2009)

Summary

Key Highlights

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