By Matt Grossman
S&P Global Inc. on Thursday raised its full-year earnings guidance, as Chief Executive Douglas L. Peterson said the financial markets S&P serves are settling down following the effects of the Covid-19 pandemic.
The New York City-based company, a provider of credit ratings and financial indexes, said it now expects adjusted earnings of $12.95 a share to $13.15 a share in 2021. The guidance represented a 40-cents-a-share increase compared with S&P's previous forecast.
The guidance excludes the effects of S&P's pending merger with IHS Markit, S&P said. The deal is expected to close in the fourth quarter.
"While the pandemic is far from over, markets are normalizing, economies are generally reopening, employment is rising, and GDP is recovering. All these factors bode well for S&P Global," Mr. Peterson said.
Write to Matt Grossman at firstname.lastname@example.org
(END) Dow Jones Newswires