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Stock Market & Financial Investment News

News Breaks
February 4, 2014
14:16 EDTMHFIMcGraw Hill Financial rallies after Q4 results and guidance
Shares of financial intelligence company and ratings provider McGraw Hill Financial (MHFI) are trading higher after the company's fourth quarter results surpassed analysts' expectations. The firm also introduced 2014 guidance. WHAT'S NEW: This morning, McGraw Hill Financial reported fourth quarter earnings per share of 81c on revenue of $1.25B, surpassing analysts' consensus estimates of 78c and $1.24B, respectively. The company also introduced fiscal year 2014 guidance of mid-teen earnings per share growth to $3.75 to $3.85, against analysts' consensus estimate of $3.75. McGraw Hill Financial also gave FY14 revenue guidance of mid single-digit growth and said it expects free cash flow for 2014 of approximately $1B. The company's president and chief executive officer Douglas Peterson commented, "2013 has been a momentous year for the company as we transformed McGraw Hill Financial into a more profitable, more growth-oriented company." He continued, "My focus will be on enhancing our customers' experience, thoughtfully broadening our presence in international markets, and delivering strong financial performance based both upon revenue growth and cost control." PRICE ACTION: In afternoon trading, McGraw Hill Financial shares are off their highs but still up about 3% to $76.57 on almost twice their average daily trading volume.
News For MHFI From The Last 14 Days
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April 27, 2015
12:27 EDTMHFIMcGraw Hill, Thomson Reuters could pursue IDC acquisition, Financial Times says
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April 20, 2015
11:09 EDTMHFIMcGraw Hill Financial announces Robert Mackay as SVP, Controller
On April 20, McGraw Hill Financial announced that Robert MacKay will serve as the company’s new SVP and Corporate Controller of the company, effective May 1. Mr. MacKay will also serve as the company’s principal accounting officer. Effective May 1, Emmanuel Korakis, who has served as the company’s Corporate Controller and principal accounting officer, will no longer serve as the principal accounting officer, and will take on the role as SVP, CFO of S&P Dow Jones Indices.
April 16, 2015
10:01 EDTMHFIMcGraw Hill Financial appoints Robert Easton as Chief Compliance Officer
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