S&P Global (SPGI) stock surged 5.03% in Thursday's trading session following the release of its impressive second-quarter results and upgraded full-year guidance. The financial information company reported adjusted earnings of $4.43 per share, surpassing the analyst consensus estimate of $4.22, while revenue climbed to $3.76 billion, exceeding expectations of $3.67 billion.
The company's strong performance was driven by robust demand for its data and analytics products, particularly in its Market Intelligence segment, which saw a 5% increase in revenue. In response to the positive results, S&P Global raised its 2025 adjusted earnings guidance to $17.00-$17.25 per share, up from the previous range of $16.75-$17.25, and increased its revenue growth forecast to 5-7% from 4-6% previously.
Adding to investor optimism, S&P Global announced strategic moves, including the appointment of Bill Eager as CEO designate for its planned standalone Mobility division. The company also revealed plans to execute additional accelerated share repurchases totaling up to $1.3 billion in the coming weeks, further boosting shareholder value. These developments, combined with the strong financial results, contributed to the significant stock price increase.