Moody`s Corp. Q4 Profit Increases, Beats Estimates

(RTTNews) - Moody`s Corp. (MCO) reported earnings for its fourth quarter that increased from last year and beat the Street estimates.

The company's bottom line came in at $395 million, or $2.17 per share. This compares with $340 million, or $1.85 per share, last year.

Excluding items, Moody`s Corp. reported adjusted earnings of $476 million or $2.62 per share for the period.

Analysts on average had expected the company to earn $2.58 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 13.0% to $1.672 billion from $1.480 billion last year.

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

-Earnings: $395 Mln. vs. $340 Mln. last year. -EPS: $2.17 vs. $1.85 last year. -Revenue: $1.672 Bln vs. $1.480 Bln last year.