Moody's Corp. (NYSE: MCO) reported Q1 EPS of $2.02, $0.22 better than the analyst estimate of $1.80. Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.1 billion.

1Q18 revenue of $1.1 billion up 16% from 1Q17
1Q18 operating income up 10% from 1Q17; adjusted operating income up 13%1
1Q18 diluted EPS of $1.92 up 8% from 1Q17; adjusted diluted EPS of $2.02, up 35%1
Affirming FY 2018 diluted EPS and adjusted diluted EPS guidance ranges of $7.20 to $7.40 and $7.65 to $7.85, respectively

“Moody’s record first quarter revenue reflects a strong contribution from Bureau van Dijk and solid organic growth from Moody’s Analytics, as well as strength in rated structured finance volumes in Moody’s Investors Service,” said Raymond McDaniel, President and Chief Executive Officer of Moody’s. “Our business remains well-positioned to benefit from continued global economic expansion in 2018, and as such we are affirming our full year 2018 guidance of $7.20 to $7.40 for diluted EPS and $7.65 to $7.85 for adjusted diluted EPS.”

GUIDANCE:

Moody's Corp. sees FY2018 EPS of $7.65-$7.85, versus the consensus of $7.73.

For earnings history and earnings-related data on Moody's Corp. (MCO) click here.