WASHINGTON (dpa-AFX) - Moody's Corp. (MCO) revealed a profit for its first quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $577 million, or $3.15 per share. This compares with $501 million, or $2.72 per share, in last year's first quarter.
Excluding items, Moody's Corp. reported adjusted earnings of $618 million or $3.37 per share for the period.
Analysts on average had expected the company to earn $3.04 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 21.8% to $1.79 billion from $1.47 billion last year.
Moody's Corp. earnings at a glance (GAAP) :
-Earnings (Q1): $577 Mln. vs. $501 Mln. last year. -EPS (Q1): $3.15 vs. $2.72 last year. -Revenue (Q1): $1.79 Bln vs. $1.47 Bln last year.
-Guidance: Full year EPS guidance: $10.40 to $11.00
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