NEW YORK (AP) — NEW YORK (AP) — Moody’s Corp. (MCO) on Thursday reported first-quarter earnings of $577 million.
The New York-based company said it had profit of $3.15 per share. Earnings, adjusted for amortization costs and restructuring costs, came to $3.37 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.06 per share.
The credit ratings agency posted revenue of $1.79 billion in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $1.73 billion.
Moody’s expects full-year earnings in the range of $10.40 to $11 per share.
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