02.05.2024 13:08:14 - dpa-AFX: Moody`s Corp. Q1 Profit Increases, beats estimates
WASHINGTON (dpa-AFX) - Moody`s Corp. (MCO) revealed a profit for its first
quarter that increased from the same period last year and beat the Street
estimates.
The company's bottom line totaled $577 million, or $3.15 per share. This
compares with $501 million, or $2.72 per share, in last year's first quarter.
Excluding items, Moody`s Corp. reported adjusted earnings of $618 million or
$3.37 per share for the period.
Analysts on average had expected the company to earn $3.04 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 21.8% to $1.79 billion from $1.47
billion last year.
Moody`s Corp. earnings at a glance (GAAP) :
-Earnings (Q1): $577 Mln. vs. $501 Mln. last year.
-EPS (Q1): $3.15 vs. $2.72 last year.
-Revenue (Q1): $1.79 Bln vs. $1.47 Bln last year.
-Guidance:
Full year EPS guidance: $10.40 to $11.00
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