logo
Plus   Neg
Share
Email

Moody's Affirms FY19 Outlook - Quick Facts

While reporting financial results for the first quarter, Moody's Corp. (MCO) on Wednesday affirmed its earnings and adjusted earnings guidance for the full-year 2019.

For fiscal 2019, the company continues to project earnings in a range of $7.30 to $7.55 per share and adjusted earnings in the range of $7.85 to $8.10 per share on projected revenue growth in the mid-single-digit percent range.

On average, analysts polled by Thomson Reuters expect earnings of $7.95 per share on revenue growth of 5.2 percent to $4.67 billion for the year. Analysts' estimates typically exclude special items.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Food and Drug Administration or FDA announced on its website that pharma major Pfizer, Inc. issued recall of two lots of tablets meant to treat acute migraine in adults for concerns over bacteria infection. The pharma company is recalling two lots of Relpax (eletriptan hydrobromide) 40 mg tablets for potential presence of Genus Pseudomonas and Burkholderia bacteria. Cosmetics company Revlon Inc. (REV) is reportedly considering a potential sale of parts or all of its business. According to Bloomberg, Revlon has retained financial advisers from Goldman Sachs Group Inc. to explore strategic alternatives. No deal has been reached yet, but Revlon is exploring all... China's Lenovo Group Ltd. warned it may have to raise prices of its products if the U.S. moves ahead with the decision to impose additional tariffs on Chinese goods, according to a report by Reuters. The warning by Lenovo, the world's largest PC maker, comes amid the escalating trade war between the U.S. and China that has raised concerns about the global economic outlook.
Follow RTT