Moody's CorporationMCO is a leading provider of credit ratings, research, data & analytical tools, software solutions & related risk management services, quantitative credit assessment services, credit training services and credit process software to banks and other financial institutions. Moody's reports its businesses under two operating divisions - Moody's Investors Service (MIS), which includes all the rating agency businesses, and Moody's Analytics (MA), which includes other non-rating commercial activities.
Moody's Investors Service (MIS) provides credit ratings and research covering debt instruments and securities. Revenues from MIS comprises ratings revenues from Structured Finance; Corporate Finance; Financial Institutions and Sovereign Risk; and Public, Project and Infrastructure Finance.
Zacks Rank: Currently, MCO has a Zacks Rank#4 (Sell) but that could change following its third-quarter 2015 earnings report which has just released.
We have highlighted some of the key details from the just-released announcement below:
Earnings: MCO reported non-GAAP earnings of $1.11 per share, surpassing with the Zacks Consensus Estimate of $1.07 while increasing 14.4% year over year. The company reiterated its 2015 earnings guidance range of $4.55 to $4.65 per share.
Revenue: Revenues of $834.9 million came below the Zacks Consensus Estimate of $843.9 million but grew 2.3% year over year.
Key Stats: In the third quarter, the company reported adjusted operating margin was 45.3%, down 40 bps from the year ago period.
Check back later for our full write up on this MCO earnings report later!
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