25.10.2023 13:19:45 - dpa-AFX: Moody`s Corp. Q3 Profit Increases, beats estimates
WASHINGTON (dpa-AFX) - Moody`s Corp. (MCO) reported earnings for its third
quarter that increased from the same period last year and beat the Street
estimates.
The company's earnings totaled $389 million, or $2.11 per share. This compares
with $303 million, or $1.65 per share, in last year's third quarter.
Excluding items, Moody`s Corp. reported adjusted earnings of $447 million or
$2.43 per share for the period.
Analysts on average had expected the company to earn $2.31 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 14.8% to $1.47 billion from $1.28
billion last year.
Moody`s Corp. earnings at a glance (GAAP) :
-Earnings (Q3): $389 Mln. vs. $303 Mln. last year.
-EPS (Q3): $2.11 vs. $1.65 last year.
-Analyst Estimate: $2.31
-Revenue (Q3): $1.47 Bln vs. $1.28 Bln last year.
-Guidance:
Full year EPS guidance: $9.75 to $10.25
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