Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  McGraw Hill Financial Inc    MHFI

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/24/2012 | 01:52pm CEST

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news on MCGRAW HILL FINANCIAL INC
05/26 S& GLOBAL : Dow Jones Industrial Average Celebrates 120 Years as the World's Ben..
05/25 S& GLOBAL : Platts JKM(TM) for June-Delivered LNG Drops 37.4% Year Over Year
05/24 S&P GLOBAL MARKET INTELLIGENCE : Wins Inside Reference Data Award for Best Count..
05/24 S&P GLOBAL INC : ex-dividend day
05/20 AK STEEL : and NanoSteel Honored with "Breakthrough Solution of the Year"
05/20 S&P downgrades Alberta rating; cites fiscal uncertainty, debt
05/19 STEEL DYNAMICS INC. WINS METALS COMP : Platts Global Metals Awards
05/19 S& GLOBAL : SNL Kagan, an offering of S&P Global Market Intelligence, Releases 1..
05/19 S& GLOBAL : LKQ Set to Join the S&P 500; Medical Properties Trust to Join S&P Mi..
05/18 S& GLOBAL : Hedge Funds Flee Equities in First Quarter, S&P Global Market Intell..
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials