Moody’s Corporation Misses On Top Line, Beats On Bottom

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Moody’s Corporation Misses On Top Line, Beats On Bottom
By Moody's Corporation (Moody's Corporation) [Public domain], via Wikimedia Commons

Moody’s released the earnings results from its third fiscal quarter before opening bell this morning, posting earnings of $1.14 per share, a 14% year over year increase, on $834.9 million in revenue. Analysts had been looking for earnings of $1.07 per share on $849.88 million in revenue. In last year’s third quarter, the firm posted revenue of $816.1 million.

Moody’s revenue climbs in constant currencies

Moody’s revenue rose 2% on a reported basis and 7% in constant currencies. Operating income was flat year over year but up 5% in constant currencies at $349.7 million. Non-GAAP earnings were $1.11 per share.

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Moody’s Investors Service revenue was flat at $548.1 million but u