Moody's Corp. (MCO) Misses Q1 EPS by 18c; Trims FY16 EPS Outlook

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Go back to Moody's Corp. (MCO) Misses Q1 EPS by 18c; Trims FY16 EPS Outlook

Moody's Corporation Reports Results for First Quarter 2016

April 29, 2016 7:00 AM EDT

1Q16 revenue of $816.1 million down 6% from 1Q15 1Q16 EPS of $0.93 down 16% from 1Q15 FY 2016 EPS guidance now $4.55 to $4.65, including $0.02 dilution from the acquisition of GGY

NEW YORK--(BUSINESS WIRE)-- Moodys Corporation (NYSE: MCO) today announced results for the first quarter of 2016 and updated its outlook for full year 2016.

Reduced global bond issuance in the first quarter weighed on Moodys financial performance despite strong results at Moodys Analytics, which is not sensitive to debt issuance activity, said... More