Moody's: Q2 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Moody's Corp. (MCO) on Tuesday reported second-quarter earnings of $552 million.
On a per-share basis, the New York-based company said it had net income of $3.02. Earnings, adjusted for amortization costs and non-recurring costs, were $3.28 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.06 per share.
The credit ratings agency posted revenue of $1.82 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $1.75 billion.
Moody's expects full-year earnings in the range of $11 to $11.40 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MCO at https://www.zacks.com/ap/MCO