Moody’s Corp. (NYSE:MCO) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Moody’s Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 27.63% to $0.97 in the quarter versus EPS of $0.76 in the year-earlier quarter.
Revenue: Rose 13.14% to $731.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Moody’s Corp. reported adjusted EPS income of $0.97 per share. By that measure, the company beat the mean analyst estimate of $0.85. It beat the average revenue estimate of $718.01 million.
Quoting Management: “Moody’s results in the first quarter of 2013 reflected strong operating performance for both Moody’s Investors Service and Moody’s Analytics,” said Raymond McDaniel, President and Chief Executive Officer of Moody’s. “Earnings per share growth of 9% for the quarter reflects higher than anticipated expenses associated with our resolution of two protracted litigation matters. Our full-year 2013 non-GAAP EPS guidance range, which excludes the impact of those litigation settlements, is now $3.49 to $3.59.”
Key Stats (on next page)…