Consulting and analytics company IHS Inc. (NYSE:HIS) reported its third-quarter results that were below Street estimates.
The company earned $44.1 million, or 66 cents per share, for the three months ended Aug. 31. A year earlier it earned $40.8 million, or 62 cents per share.
Excluding extra-ordinary items earnings were 99 cents per share. Revenue increased 14 percent to $385.6 million from $338.7 million on better results from both its product and services segments.
Analysts expected earnings of $1.01 per share on revenue of $405.4 million.
IHS now anticipates full-year adjusted earnings of $3.77 per share to $3.89 per share on revenue in a range of $1.52 billion to $1.54 billion.
It had previously estimated earnings of $3.88 to $4.01 per share on revenue between $1.55 billion and $1.6 billion.
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Wall Street foresees full-year earnings of $3.98 per share on revenue of $1.57 billion.
Shares of HIS tumbled 18.17% to $94.31.
ConAgra Foods, Inc.(NYSE:CAG) on Thursday reported profit for its fiscal first quarter that more than doubled from a year earlier benefiting from acquisitions and one-time investment gains.
For the three months ended Aug. 26, it earned $250.1 million, or 61 cents per share. That's compared with $93.8 million, or 22 cents per share, a year ago.
The results included a gain of 20 cents per share related to gains from trading in derivatives.
Excluding extra-ordinary items, ConAgra earned 44 cents per share. Analysts on average expected a profit of 35 cents per share.
Total sales rose 7 percent to $3.31 billion, which was above the $3.24 billion Wall Street expected.
Shares of CAG rose 6.63% to $27.35 and made a new 52-week high of $27.75.