NEW YORK (AP) — NEW YORK (AP) — Moody’s Corp. (MCO) on Tuesday reported first-quarter earnings of $625 million.
On a per-share basis, the New York-based company said it had profit of $3.46. Earnings, adjusted for amortization costs and restructuring costs, came to $3.83 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.56 per share.
The credit ratings agency posted revenue of $1.92 billion in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $1.88 billion.
Moody’s expects full-year earnings in the range of $13.25 to $14 per share.
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