S&P Global Q3: Earnings Beat, Boosts 2024 Outlook, Commits To Capital Returns Amid Leadership Shift

S&P Global Inc (NYSE:SPGI) reported quarterly adjusted EPS of $3.89, which beat the analyst consensus estimate of $3.64 and represented a 21% increase year over year.

Quarterly sales were $3.575 billion, beating the analyst consensus estimate of $3.431 billion and representing a 16% increase year over year, driven by growth in all divisions. The stock price tanked after the print.

Adjusted operating profit margin increased 180 basis points to 48.8%, primarily due to revenue growth in its Ratings and Indices divisions.

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