Plus   Neg

Moody's Backs 2018 Outlook

Moody's Corp. (MCO) posted an updated management presentation for investors. The company said in the presentation that it expects focused on analytical expertise and the continuous refinement of its credit methodologies to provide predictive, predictable and transparent ratings.

Moody's affirmed its earnings guidance for the full-year 2018 in the range of $7.20 to $7.40 per share and adjusted earnings in the range of $7.65 to $7.85 per share. Analysts polled by Thomson Reuters expect the company to report earnings of $7.77 per share for 2018. Analysts' estimates typically exclude special items.

Revenues for fiscal 2018 are also still expected to increase in the low-double-digit percent range.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The University of Phoenix has agreed to pay a record $191 million to settle Federal Trade Commission charges alleging that the university used deceptive advertisements. According to the FTC, the university used deceptive advertisements that falsely touted their relationships and job opportunities... General Motors introduced new versions of its Chevrolet Tahoe and Suburban full-size SUVs that are bigger than previous models, offer more interior space and feature more advanced technology. The new vehicles join the new Silverado and Silverado HD as part of a complete redesign of Chevrolet's full-size truck and SUV lineup within 24 months. They will go on sale in mid-2020 in North America. Apple unveiled a new feature for the Apple Card, enabling cardholders to buy a new iPhone in 24 monthly installments without paying interest. In October, during Apple's earnings call, CEO Tim Cook had announced the tech giant's plans to introduce this feature. The Apple Card, Apple's first credit card, was introduced by the tech giant in March in partnership with Goldman Sachs and Mastercard.
Follow RTT