S&P Global reported quarterly earnings of $4.01 per share which beat the analyst consensus estimate of $3.66 by 9.56% and represents a 27.3% increase over earnings from the same period last year. Quarterly sales came in at $3.49 billion, beating the analyst consensus estimate of $3.42 billion and representing a 10.47% increase year-over-year.
Wall Street suffers a double blow in Thursday’s session, as softer-than-expected revenue forecasts from Meta Platforms Inc. (NASDAQ:META) are being compounded by weaker-than-expected economic growth and higher inflationary pressures last quarter, raising fears of a stagflation phase
Commercial real estate suffers from remote work and inflation. Goldman Sachs and S&P Global mention it as a factor slowing US growth. Tech companies reducing office space adds to the slump.
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