Moody’s Earns $1.51 per Share

Moody’s (MCO) had a very good earnings report this morning, plus they raised guidance. For Q2, the ratings company earned $1.51 per share which is a 16% increase over last year. That also beat expectations by 17 cents per share. Quarterly revenues were up 8% to $1 billion, and operating income rose 12% to $457.5 million. Very good results.

More importantly, Moody’s raised their full-year earnings range to $5.35 to $5.50 per share. The previous range was $5.15 to $5.30 per share. Things are going well for Moody’s.

“In the second quarter, Moody’s recorded $1.0 billion in quarterly revenue, as well as double-digit EPS growth,” said Raymond McDaniel, President and Chief Executive Officer of Moody’s. “Given the strength of the first half and a supportive market environment, we are raising our full year 2017 diluted EPS and adjusted diluted EPS guidance ranges to $5.69 to $5.84 and $5.35 to $5.50, respectively.”

Mr. McDaniel added, “We continue to expect our previously announced acquisition of Bureau van Dijk to close in the third quarter of 2017 and look forward to further extending Moody’s position as a leader in risk data and analytical insight.”

This is a very good report.

Posted by on July 21st, 2017 at 8:20 am


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