
What Happened?
Shares of financial intelligence company S&P Global (NYSE: SPGI) jumped 3.8% in the morning session after it reported strong third-quarter results and provided an optimistic earnings forecast. For the quarter, revenue grew 8.8% year on year to $3.89 billion, while adjusted earnings per share jumped nearly 22% to $4.73. Both figures came in ahead of what analysts had expected. Buoyed by the results, the company issued guidance for the upcoming 2026 financial year, with the midpoint of its adjusted earnings per share forecast beating Wall Street's consensus estimates.
After the initial pop the shares cooled down to $491.68, up 3.9% from previous close.
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What Is The Market Telling Us
S&P Global’s shares are not very volatile and have only had 3 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.
S&P Global is flat since the beginning of the year, and at $491.68 per share, it is trading 12.8% below its 52-week high of $564.15 from August 2025. Investors who bought $1,000 worth of S&P Global’s shares 5 years ago would now be looking at an investment worth $1,524.
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