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Moody's Slashes FY18 Adj. EPS Outlook - Quick Facts

Moody's Corp. (MCO) on Friday slashed its adjusted earnings guidance for the full-year 2018 to a range of $7.50 to $7.65 per share from the prior guidance range of $7.65 to $7.85 per share.

The company also now projects earnings in the range of $6.95 to $7.10 per share, down from the previous guidance range of $7.20 to $7.40 per share.

However, the company continues to project revenues for fiscal 2018 to increase in the high-single-digit percent range.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $7.74 per share on revenue growth of 12.2 percent to $4.62 billion for the year. Analysts' estimates typically exclude special items.

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