WASHINGTON (dpa-AFX) - Moody's Corp. (MCO) reported earnings for its fourth quarter that increased from last year but missed the Street estimates.
The company's bottom line came in at $340 million, or $1.85 per share. This compares with $246 million, or $1.34 per share, in last year's fourth quarter.
Excluding items, Moody's Corp. reported adjusted earnings of $402 million or $2.19 per share for the period.
Analysts on average had expected the company to earn $2.32 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 14.7% to $1.48 billion from $1.29 billion last year.
Moody's Corp. earnings at a glance (GAAP) :
-Earnings (Q4): $340 Mln. vs. $246 Mln. last year. -EPS (Q4): $1.85 vs. $1.34 last year. -Analyst Estimate: $2.32 -Revenue (Q4): $1.48 Bln vs. $1.29 Bln last year.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX