(RTTNews) - Moody`s Corp. (MCO) revealed earnings for its third quarter that increased from the same period last year.
The company's bottom line totaled $382.4 million, or $1.99 per share. This compares with $312.0 million, or $1.59 per share, in last year's third quarter.
Excluding items, Moody`s Corp. reported adjusted earnings of $411.3 million or $2.15 per share for the period.
Analysts had expected the company to earn $2 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 14.8% to $1.24 billion from $1.08 billion last year.
Moody`s Corp. earnings at a glance:
-Earnings (Q3): $411.3 Mln. vs. $329.4 Mln. last year. -EPS (Q3): $2.15 vs. $1.69 last year. -Analysts Estimate: $2 -Revenue (Q3): $1.24 Bln vs. $1.08 Bln last year.
-Guidance: Full year EPS guidance: $8.05 - $8.20
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
