Moody`s Corp. Q2 adjusted earnings Beat Estimates

Moody`s Corp. (MCO) released earnings for its second quarter that advanced from last year.

The company's bottom line totaled $577 million, or $3.07 per share. This compares with $509 million, or $2.869 per share, in last year's second quarter.

Excluding items, Moody`s Corp. reported adjusted earnings of $605 million or $3.22 per share for the period.

Analysts had expected the company to earn $2.74 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.6% to $1.55 billion from $1.44 billion last year.

Moody`s Corp. earnings at a glance:

-Earnings (Q2): $605 Mln. vs. $532 Mln. last year.
-EPS (Q2): $3.22 vs. $2.81 last year.
-Analysts Estimate: $2.74
-Revenue (Q2): $1.55 Bln vs. $1.44 Bln last year.

Full year EPS guidance: $11.55 - $11.85

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