Moody's Q1 Profit Rises As Revenue Climbs 13%, Backs Full Year EPS View

(RTTNews) - Moody's Corp. (MCO) Friday said its first-quarter profit attributable to the company rose to $230.1 million from $ 218.0 million in the previous year. Earnings per share advanced to $1.11 from $1.00 in the prior year.

On average, 10 analysts polled by Thomson Reuters expected earnings of $1.03 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue increased 13 percent to $865.6 million from $767.2 million for same period of 2014, reflecting double-digit growth from both Moody's Investors Service and Moody's Analytics. Revenue climbed 18 percent on a constant currency basis. Analysts expected revenues of $827.61 million.

Looking ahead, Raymond McDaniel, President and CEO, said, "We are reaffirming our full-year 2015 earnings per share guidance of $4.55 to $4.65 despite our expectations for uneven global growth as well as the strength of the U.S. dollar at current exchange rates."

Analysts look for earnings of $4.58 per share for the year.