Plus   Neg

Moody`s Corp. Announces Decline In Q3 Profit

Moody`s Corp. (MCO) reported a profit for third quarter that declined from last year.

The company's profit totaled $310.2 million, or $1.59 per share. This compares with $317.3 million, or $1.63 per share, in last year's third quarter.

Analysts had expected the company to earn $1.78 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.9% to $1.08 billion from $1.06 billion last year.

Moody`s Corp. earnings at a glance:

-Earnings (Q3): $310.2 Mln. vs. $317.3 Mln. last year.
-EPS (Q3): $1.59 vs. $1.63 last year.
-Analysts Estimate: $1.78
-Revenue (Q3): $1.08 Bln vs. $1.06 Bln last year.

Full year EPS guidance: $6.95 - $7.10

For comments and feedback contact: editorial@rttnews.com

Follow RTT