Moody`s Corp. Q2 Profit Increases, Beats Estimates

(RTTNews) - Moody`s Corp. (MCO) announced a profit for its second quarter that increased from last year and beat the Street estimates.

The company's bottom line came in at $552 million, or $3.02 per share. This compares with $377 million, or $2.05 per share, in last year's second quarter.

Excluding items, Moody`s Corp. reported adjusted earnings of $600 million or $3.28 per share for the period.

Analysts on average had expected the company to earn $3.02 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 22.1% to $1.82 billion from $1.49 billion last year.

Moody`s Corp. earnings at a glance (GAAP) :

-Earnings (Q2): $552 Mln. vs. $377 Mln. last year. -EPS (Q2): $3.02 vs. $2.05 last year. -Revenue (Q2): $1.82 Bln vs. $1.49 Bln last year.