IHS reaffirms 2009, 2010 earnings, revenue outlook

AP News
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Posted: Dec 02, 2009 10:18 AM

IHS Inc., a provider of energy and security information to governments and large companies, reaffirmed Wednesday its outlook for earnings and revenue for this year and 2010.

For the year ended Nov. 30, IHS said earnings before income taxes, depreciation and amortization will rise by 22 to 24 percent, from $225 million last year to between $274.5 million and $279 million.

The Englewood, Colo., company said that for the year ending Nov. 30, 2010, it expects revenue of between $1.04 billion and $1.08 billion and adjusted EBITDA of between $312 million and $324 million.

Shares rose $1.23, or 2.5 percent, to $51.20 in morning trading.