IHS fiscal 1st-quarter profit slips 1 percent, weighed down by stock options expenses

IHS 1st-qtr profit slips 1 pct on charges

ENGLEWOOD, Colo. — IHS Inc., a provider of energy and security information to governments and large companies, said Wednesday that its fiscal first-quarter earnings edged down 1 percent, hurt by charges.

For the three months that ended Feb. 28, IHS said its net income slipped to $26.8 million, or 42 cents per share, from $27.1 million, or 43 cents per share in the same period last year.

The results included 19 cents per share in stock option expenses plus other special items.

Excluding those items, IHS said it earned 62 cents per share, meeting Wall Street’s expectations, according to a Thomson Reuters survey of analysts.

Its revenue increased 2 percent to $240.7 million from $235.4 million in the period a year earlier, below the $247.4 million in revenue analysts had predicted.