Moody`s Corp. Q2 adjusted earnings Beat Estimates

(RTTNews) - Moody`s Corp. (MCO) revealed a profit for its second quarter that climbed from last year.

The company's earnings totaled $377.9 million, or $1.94 per share. This compares with $312.2 million, or $1.61 per share, in last year's second quarter.

Excluding items, Moody`s Corp. reported adjusted earnings of $397.3 million or $2.04 per share for the period.

Analysts had expected the company to earn $1.89 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 18.0% to $1.18 billion from $1.00 billion last year.

Moody`s Corp. earnings at a glance:

-Earnings (Q2): $397.3 Mln. vs. $299.7 Mln. last year. -EPS (Q2): $2.04 vs. $1.55 last year. -Analysts Estimate: $1.89 -Revenue (Q2): $1.18 Bln vs. $1.00 Bln last year.