WASHINGTON (dpa-AFX) - Moody's Corp. (MCO) released a profit for its second quarter that Increased from last year and beat the Street estimates.
The company's earnings totaled $578 million, or $3.21 per share. This compares with $552 million, or $3.02 per share, last year.
Excluding items, Moody's Corp. reported adjusted earnings of $3.56 per share for the period.
Analysts on average had expected the company to earn $3.39 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 4.5% to $1.898 billion from $1.817 billion last year.
Moody's Corp. earnings at a glance (GAAP) :
-Earnings: $578 Mln. vs. $552 Mln. last year. -EPS: $3.21 vs. $3.02 last year. -Revenue: $1.898 Bln vs. $1.817 Bln last year.
-Guidance: Full year EPS guidance: $13.50 to $14.00
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