INFO Ihs Markit Ltd.

Fresh off completing a merger between U.K.-based, financial-data provider Markit and U.S.-based information and analytics provider IHS, IHS Markit Ltd. said Tuesday that revenue rose but profit swung to a loss due to the deal's costs.

The deal was announced in March and completed in July.

London-based IHS Markit feeds data and analytics to energy, financial, transportation and design companies with information on oil and gas fields, mineral rights, derivatives, currencies, loans and supply-chain forecasts and analysis.

"We are off to a strong start with our integration efforts, giving us confidence in achieving our synergy targets," Chief Executive Jerre Stead said.

During the quarter, the company took $104.5 million in costs related to acquisitions, including the deal.

The company said organic revenue—which strips out the impact of acquisitions and currency swings—fell 2% as organic revenue fell in the resources and design segments but was partially offset by growth in transportation and financial services.

The data provider said it expects revenue for the year ending in November of between $2.74 billion and $2.77 billion and adjusted earnings per share of between $1.72 and $1.78. Analysts were expecting earnings per share of $1.75 on revenue of $2.75 billion.

Overall for the quarter ended August 31, Markit reported a loss of $31.7 million, or 9 cents a share, compared with a profit of $59.1 million, or 24 cents a share a year prior. Excluding charges and other special items, earnings were 45 cents a share.

Revenue grew 30% to $724.6 million, primarily through acquisitions.

Analysts surveyed by Thomson Reuters expected 44 cents a share in earnings on $727.5 million in revenue.

Write to Austen Hufford at austen.hufford@wsj.com

(END) Dow Jones Newswires

September 27, 2016 08:35 ET (12:35 GMT)

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