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Why S&P Global Stock Was Tumbling on Tuesday

TheMotleyFool

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Why S&P Global Stock Was Tumbling on Tuesday: https://g.foolcdn.com/editorial/images/880956/person-looking-at-laptop-screen-with-head-in-hands.jpg

Any time the shares of S&P Global (NYSE: SPGI) are doing worse than the bellwether index the company manages, the S&P 500 index, you know its latest news hasn't been taken positively.

Tuesday morning, S&P Global took the wraps off its latest quarterly earnings report, and there was some confusion about the bottom-line number. In late-session trading, the stock was down by more than 3%, a steeper fall than the S&P 500 index's 0.3% slump at that point.

For its second quarter, S&P Global posted revenue of nearly $4.15 billion, up 10% year-over-year. It also topped the consensus analyst estimate of $4.09 billion.

Source Fool.com

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