Moody’s, the credit-rating agency, Friday reported earnings and revenues above Street views, and also boosted its full year guidance. Adjusted earnings were of $1.51 per diluted share, above the Street view of $1.34 as compiled by Capital IQ, and also above the $1.30 reported a year earlier.
The agency reported Q2 revenues of $1.00 billion, above the Street view of $968.8 million, and above the $928.9 million reported a year earlier. For the full year, Moody’s said it expects adjusted EPS to $5.35 to $5.50, up from the prior range of $5.15 to $5.30 and exceeding the $5.34 Street view. The company now expects sales to increase in the high single-digit percentage range compared to previously expecting