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IHS Markit reports net loss for fiscal Q3

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IHS Markit reports net loss for fiscal Q3

IHS Markit Ltd.reported a net loss attributable to the company of $31.7 million, or a loss of 9cents per share, for the third quarter ended Aug. 31.

The company said net loss was driven by $105 million of merger-relatedcosts and higher levels of stock-based compensation expense. Excluding the impactof these items, adjusted EPS was 45 cents.

The S&P Capital IQ consensus normalized EPS estimate forthe quarter was 44 cents.

Total revenue during the quarter was $724.6 million.

IHS Markit continues to expectrevenue for the fiscal year ending Nov. 30 in the range of $2.74 billion to $2.77billion. Adjusted EBITDA is projected to be between $975 million and $995 million,and adjusted EPS is expected to be in the range of $1.72 to $1.78 per share.

The S&P Capital IQ consensus normalized EPS estimate forfiscal 2016 is $1.75.