Welcome to our dedicated page for S&P Global news (Ticker: SPGI), a resource for investors and traders seeking the latest updates and insights on S&P Global stock.
S&P Global Inc. reports company news across data, benchmarks and analytics for capital, commodity and automotive markets. Coverage includes its credit ratings and market intelligence businesses, S&P Global Energy and Platts price assessments, and S&P Global Mobility products such as CARFAX vehicle history reports, listings, car care tools and recall data.
Recurring updates also include investor conference appearances, product and data launches, board and governance changes, and corporate-status developments involving the Mobility division.
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S&P Global (NYSE: SPGI) reported Q1 2023 revenue of $3.16 billion, up 32% year-over-year, driven by IHS Markit inclusion, despite decreases in Ratings revenue. GAAP net income fell 36% to $795 million, and diluted EPS dropped 45% to $2.47, linked to prior year gains and higher shares post-merger. The company launched two new AI-powered Kensho products and returned $790 million to shareholders, including a $500 million accelerated share repurchase, with an additional $1 billion planned. Expected revenue growth for 2023 is 10% to 12%, while non-GAAP adjusted EPS is forecasted between $12.35 to $12.55. However, significant declines in Ratings revenue and operating profit margins are notable concerns.