NEW YORK (AP) — NEW YORK (AP) — Moody’s Corp. (MCO) on Tuesday reported third-quarter earnings of $534 million.
The New York-based company said it had profit of $2.93 per share. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, were $3.21 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.89 per share.
The credit ratings agency posted revenue of $1.81 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 $11.90 to $12.10 per share.
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