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Moody's (MCO) Beats on Q3 Earnings, Lifts Revenue Guidance
Moody's MCO reported third-quarter 2019 adjusted earnings of $2.15 per share, which handily outpaced the Zacks Consensus Estimate of $1.99. Also, the figure improved 27% from the year-ago quarter.
Results were largely driven by impressive global issuance volume and opportunistic acquisitions closed over the past year, which led to rise in revenues. However, higher operating expenses posed an undermining factor.
After taking into consideration certain non-recurring items, net income was $382.4 million or $1.99 per share, up from $312 million or $1.59 per share in the prior-year quarter.
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https://finance.yahoo.com/news/moodys-mc...02102.html
![[Bild: MCOc1dl1910.png]](https://finviz.com/publish/103119/MCOc1dl1910.png)
Moody's (MCO) Beats on Q3 Earnings, Lifts Revenue Guidance
Moody's MCO reported third-quarter 2019 adjusted earnings of $2.15 per share, which handily outpaced the Zacks Consensus Estimate of $1.99. Also, the figure improved 27% from the year-ago quarter.
Results were largely driven by impressive global issuance volume and opportunistic acquisitions closed over the past year, which led to rise in revenues. However, higher operating expenses posed an undermining factor.
After taking into consideration certain non-recurring items, net income was $382.4 million or $1.99 per share, up from $312 million or $1.59 per share in the prior-year quarter.
...
https://finance.yahoo.com/news/moodys-mc...02102.html
