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Stock impact report

Moody's Beats Q1 Forecasts as Revenue and Earnings Top Expectations [Yahoo! Finance]

Moody's Corporation (MCO) 
Last moody's corporation earnings: 4/30 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.moodys.com/home/default.aspx
Company Research Source: Yahoo! Finance
first-quarter results that exceeded analyst expectations on both earnings and revenue. Adjusted earnings per share came in at $4.33, ahead of the $4.23 consensus estimate, while revenue reached $2.1 billion, slightly above forecasts of $2.07 billion. Total revenue increased 8% year-on-year, or 6% on an organic constant-currency basis, supported by solid performance across both of the company's main business divisions. Moody's delivered record first-quarter results, with its ratings arm, Moody's Investors Service, generating $1.2 billion in revenue on more than $2 trillion in rated issuance. Meanwhile, Moody's Analytics reported 8% annualised recurring revenue growth. “Both MIS and MA delivered strong results this quarter with sustained growth and powerful operating leverage,” said Rob Fauber, President and Chief Executive Officer. “MIS achieved record revenues of $1.2 billion on over $2 trillion in rated issuance and delivered an adjusted operating margin of 67%.” Moody's re Show less Read more
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