Feb 11 (Reuters) - S&P Global ( SPGI ) on Tuesday
forecast 2025 adjusted earnings per share above Wall Street
estimates, as the financial information company anticipated
increasing demand for its data and analytics offerings amid
macroeconomic uncertainty.
Demand for market analytical tools has risen as investors
try to capture alpha in a post-U.S. election market rally over
anticipation of deregulation and tax cuts under the Trump
administration.
The New York-based company, which is the largest credit
ratings agency in the U.S., also announced a $650 million
accelerated share repurchase program.
Shares of S&P Global ( SPGI ) rose 3.4% in premarket trading.
The company forecast an annual profit of $17.00 to $17.25
per share, above analysts' estimate of $16.92, according to data
compiled by LSEG.
Revenue from S&P's Ratings segment, which provides credit
ratings, research and analytics to investors, jumped 27% to
$1.06 billion in the three months ending December 31.
Revenue from the Market Intelligence unit - S&P Global's ( SPGI )
biggest segment that provides data and analytics to investment
professionals, corporations and government agencies - rose 5% to
$1.19 billion.
Total quarterly revenue jumped 14% to $3.59 billion.
The company reported an adjusted profit of $3.77 per share,
surpassing analysts' expectation of $3.48 per share.