By Will Feuer


S&P Global issued a soft earnings outlook for the current year, despite cutting costs last year.

The New York-based credit-ratings and data provider reported a profit of $579 million, or $1.83 a share, up from $433 million, or $1.33 a share, in the same period a year earlier.

Stripping out one-time items, adjusted earnings were $3.13 a share. Analysts surveyed by FactSet expected $3.15 a share.

Revenue rose 7% to $3.15 billion. Analysts surveyed by FactSet expected $3.13 billion.

The company is targeting 2024 adjusted earnings of $13.75 a share to $14 a share, below the $14.45 a share that analysts expected.

S&P Global is targeting sales growth of 5.5% to 7.5%.

In the fourth quarter, sales rose across all of the company's businesses.


Write to Will Feuer at Will.Feuer@wsj.com


(END) Dow Jones Newswires

02-08-24 0742ET