NEW YORK (AP) — NEW YORK (AP) — Moody’s Corp. (MCO) on Tuesday reported second-quarter earnings of $377 million.
The New York-based company said it had profit of $2.05 per share. Earnings, adjusted for amortization costs and restructuring costs, were $2.30 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.23 per share.
The credit ratings agency posted revenue of $1.49 billion in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $1.46 billion.
Moody’s expects full-year earnings in the range of $9.75 to $10.25 per share.
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