Member access

4-Traders Homepage  >  Shares  >  Nyse  >  McGraw Hill Financial Inc    MHFI   US5806451093

SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 

The McGraw-Hill Companies, Inc. : McGraw-Hill 1Q Net Up 2.5% On Commodities, Indices Gains

04/24/2012 | 08:52am US/Eastern

McGraw-Hill Cos.' (MHP) first-quarter profit rose 2.5%, driven by gains in its commodities and commercial business and indices segment, though revenue in its education business continued to fall.

The company's adjusted per-share earnings were above analyst expectations, as revenue also slightly topped Wall Street's view.

McGraw-Hill last year revealed it would split itself into two standalone companies, with one focused on its struggling education business and another--now dubbed McGraw-Hill Financial--focused on its markets businesses.

The company is in the midst of trimming costs by cutting staff in the education business and revamping its retirement benefits, among other moves. McGraw-Hill earlier this month acquired QuantHouse, a provider of market-data and systematic trading technology, and in February bought R2 Financial Technologies, which provides risk and scenario-based analytics for traders and other financial customers.

McGraw-Hill reported a profit of $123 million, or 43 cents a share, up from $120 million, or 39 cents a share, a year earlier. Excluding one-time items, per-share earnings were 51 cents in the latest period.

Revenue rose 5.6% to $1.33 billion. Analysts polled by Thomson Reuters had expected earnings of 48 cents a share on revenue of $1.32 billion.

Expenses rose 6.2%.

The S&P ratings segment's revenue rose 5.2% while the S&P Capital IQ/S&P Indices segment's revenue jumped 9%. Commodities and commercial segment revenue was up 13%. Revenue in the education unit slipped 2.3%.

Shares of the company, which affirmed its full-year view, closed at $17.95 Monday and were inactive premarket. The stock is up 9.2% since the start of the year.

-By Nathalie Tadena, Dow Jones Newswires; 212-416-3287; nathalie.tadena@dowjones.com

Latest news on MCGRAW HILL FINANCIAL INC
1d ago MCGRAW HILL FINANCIAL : Independent Assurance Review Confirms Platts Aligns With..
2d ago MCGRAW HILL FINANCIAL : Level 3 Communications Set to Join the S&P 500; Jabil Ci..
2d ago MCGRAW HILL FINANCIAL : beats 3Q profit forecasts
2d ago MCGRAW HILL FINANCIAL : beats 3Q profit forecasts
2d ago MCGRAW HILL FINANCIAL : Management's Discussion and Analysis of Financial Condit..
2d ago MCGRAW HILL FINANCIAL : Results of Operations and Financial Condition, Financial..
2d ago MCGRAW HILL FINANCIAL : Reports Third Quarter Results
3d ago U.S. regulator drops BP, Statoil oil price-fixing probe
3d ago MCGRAW HILL FINANCIAL : Asia Pacific Scales New Heights in 2014 Platts Top 250 G..
4d ago MCGRAW HILL FINANCIAL : S&P Capital IQ : Initiates Coverage on GWR Global Water ..
Advertisement
Chart
Duration : Period :
McGraw Hill Financial Inc Technical Analysis Chart | MHFI | US5806451093 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF