S&P Global (NYSE:SPGI) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
S&P Global announced earnings per share of $2.73 on revenue of $1.79B. Analysts polled by anticipated EPS of $2.3 on revenue of $1.66B. That with comparison to EPS of $2.11 on revenue of $1.56B in the same period a year before. S&P Global had reported EPS of $2.53 on revenue of $1.74B in the previous quarter. Analysts are expecting EPS of $2.45 and revenue of $1.68B in the upcoming quarter.
S&P Global shares are up 6.64% from the beginning of the year , still down 6.95% from its 52 week high of $312.94 set on February 19. They are outperforming the S&P 500 which is down 11.29% year to date.
S&P Global follows other major Technology sector earnings this month
S&P Global's report follows an earnings matched by Taiwan Semiconductor on Saturday, who reported EPS of $0.75 on revenue of $10.35B, compared to forecasts EPS of $0.75 on revenue of $10.32B.
Intel had beat expectations on Thursday with first quarter EPS of $1.45 on revenue of $19.83B, compared to forecast for EPS of $1.28 on revenue of $18.67B.
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