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Moody's Logs 1Q EPS Beat, Lifts '13 View

Buoyed by continued momentum in corporate debt issuance, ratings company Moody's (NYSE:MCO) beat the Street on Friday with an 8.6% leap in first-quarter profits.In addition to revealing results that topped forecasts, the parent of Moody's Investors Services also raised the midpoint of its full-year earnings guidance above Wall Street's expectations.The company said it earned $188.4 million, or 83 cents a share, last quarter, compared with a profit of $173.5 million, or 76 cents a share, a year earlier.Excluding one-time items, it earned 97 cents a share, easily trumping consensus calls from analysts for 87 cents.Revenue jumped 13% to $731.8 million, narrowly surpassing the Street's view of $729 million. U.S. revenue climbed 18% to $406.1 million, while international revenue gained 8% to $325.7 million."Moody's results in the first quarter of 2013 reflected strong operating performance for both Moody's Investors Service and Moody`s Analytics," CEO Raymond McDaniel said in a statement.Lo...

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  1. Moody's Enjoys 66% Surge in 4Q Net

    Powered by robust revenue growth, Moody's (NYSE:MCO) narrowly beat the Street on Friday with a 66% surge in fourth-quarter profits and forecast stronger-than-expecte...

  2. Moody's Q4 Net Up; Outlook Ahead Of Views

    Moody's Corp. said Friday its fourth-quarter earnings rose to 70 cents a share, up 63% from a year earlier, versus analyst expectations of 71 cents a share. Revenue ...

  3. Moody's Tops Views With 41% 3Q Net Jump

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  4. Analytics Props Up Moody's as Volatility Buffets Ratings

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