Mixed 3Q For Moody’s Corp.
Moody’s Corp. (NYSE:MCO) reported third quarter 2011 earnings, which beat the Zacks Consensus Estimate of 49 cents by 8 cents (up 16.3%). However, Moody’s reported pro forma earnings of 57 cents per share which decreased 1.7% from 58 cents per share in the year-ago quarter. The negative surprise was primarily attributed to sluggish revenue growth [...]
Moody’s Corp. (NYSE:MCO) reported third quarter 2011 earnings, which beat the Zacks Consensus Estimate of 49 cents by 8 cents (up 16.3%).
However, Moody’s reported pro forma earnings of 57 cents per share which decreased 1.7% from 58 cents per share in the year-ago quarter. The negative surprise was primarily attributed to sluggish revenue growth and higher expenses.
Operating Performance
Operating income, excluding restructuring charges and legacy tax, came in at $196.3 million in the third … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards