Moody`s Corp. Q1 Income Declines 20%

(RTTNews) - Moody`s Corp. (MCO) released earnings for first quarter that declined from last year.

The company said its profit dropped to $184.4 million, or $0.93 per share. This was lower than $230.1 million, or $1.11 per share, in last year's first quarter.

Analysts had expected the company to earn $1.06 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 5.7% to $816.1 million. This was down from $865.6 million last year.

Moody`s Corp. earnings at a glance:

-Earnings (Q1): $184.4 Mln. vs. $230.1 Mln. last year. -Earnings Decline (Y-o-Y): -19.9% -EPS (Q1): $0.93 vs. $1.11 last year. -EPS Decline (Y-o-Y): -16.2% -Analysts Estimate: $1.06 -Revenue (Q1): $816.1 Mln vs. $865.6 Mln last year. -Revenue Change (Y-o-Y): -5.7%

-Guidance: Full year EPS guidance: $4.55 - $4.65