McGraw Hill Financial Inc. , the parent company of ratings agency Standard & Poor's, said Tuesday that it posted a profit during its fourth quarter after selling its education business. The New York company's fourth-quarter results and outlook beat Wall Street expectations. Its shares rose $1.61 , or 2.2 percent, to $76 in morning trading. Net income rose to $171 million , or 62 cents per share, from a loss of $216 million , or 76 cents per share, in the same quarter a year ago. The year-earlier results were hurt by a charge on the pending sale of its education publishing unit. It sold that business in March for $2.4 billion and changed its name to McGraw Hill Financial from The McGraw-Hill Cos . Adjusted to remove one-time charges and discontinued operations, earnings were 81 cents per share. Analysts expected 78 cents per share, according to FactSet. Revenue rose 2 percent to $1.25 billion from $1.23 billion , above the average analyst estimate of $1.24 billion . Revenue rose 18 percent at its S&P Dow Jones Indices unit, but slipped 2 percent at its biggest division, Standard & Poor's ratings services. Full-year adjusted earnings totaled $3.33 per share with revenue of $4.88 billion . For 2014, McGraw Hill Financial expects earnings per share between $3.75 and $3.85 and revenue growth in the mid-single digits. Analysts expect earnings per share of $3.74 and revenue of $5.19 billion , which implies growth of 6.5 percent over 2013.
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