Moody's Lifts 2014 Adj. EPS View - Quick Facts

(RTTNews) - Moody's Corp. (MCO) said that it raised its full-year 2014 non-GAAP earnings per share guidance to a range of $3.95 - $4.05, from the prior estimate of $3.90 - $4.00 per share. Analysts polled by Thomson Reuters expect the company to report earnings of $4.02 per share for fiscal 2014. Analysts' estimates typically exclude special items.

The non-GAAP earnings per share guidance excludes a $0.36 gain resulting from Moody's acquisition of a controlling interest in ICRA Ltd in the second quarter of 2014. Moody's non-GAAP earnings per share guidance includes costs related to its acquisitions of WebEquity and a majority stake in ICRA.

The company anticipates annual GAAP earnings per share to be in the range of $4.31 - $4.41.

Full-year 2014 total share repurchases are now expected to be up to $1.25 billion, subject to available cash, market conditions and other ongoing capital allocation decisions.

The company still expects full-year 2014 revenue to grow in the low-double-digit percent range. Wall Street expect revenues of $3.30 billion.