IHS fiscal 3rd-quarter earnings slightly below year-ago on charge, revenue grows 14 percent

IHS 3Q earnings slightly below year-ago results

ENGLESWOOD, Colo. — IHS Inc. posted third-quarter earnings late Wednesday that were slightly below its year-ago results, despite a solid revenue increase.

The Englewood, Colo., consulting company reported net income of $34.6 million, or 53 cents per share, on $272.1 million in revenue for the three months ended Aug 31. That compares with net income of $34.7 million, or 54 cents per share, on $239.5 million in revenue in the third quarter of last year.

IHS’s latest results included a restructuring charge of $9.2 million, or 9 cents per share.

Excluding special items, Wall Street on average had expected the company to report earnings of 73 cents per share on $265.5 million in revenue in the latest quarter, according to a survey of analysts polled by Thomson Reuters.

On that basis, the company said it earned 76 cents a share.

Looking ahead, IHS said it expects revenue of $1.06 billion to $1.07 billion and earnings before interest, taxes, depreciation and amortization of $320 million to $324 million for the full year ending on Nov. 30. The company also said it expects revenue growth of about 4 percent for the year that ends in November of 2011.

IHS provides consulting, analysis and other services across a range of industries, including chemicals, energy and agriculture.