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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Moody's Revenue And Earnings Increase 0 comments
    Jul 25, 2014 10:40 AM | about stocks: MCO

    Originally published at www.seclive.com

    Moody's Corp. (NYSE:MCO) announced its financial results for the second quarter of fiscal year 2014, posting improvements in both revenue and earnings. The company's Investors Service debt-rating segment, the company's largest segment, saw revenue rise 16% to $621.7M while global corporate finance increased 22% to $320.9M. Total revenue rose 16% to $873.5M, far surpassing analyst expectations of $803M. Earnings rose sharply as well from the year-ago $225.5M and $1.00 per share to $319.2M and $1.48 per share, easily beating analyst predictions of $1.01 per share. With such strong performance the company increased its annual revenue guidance, while CEO Raymond McDaniel remarked that demand for the company's products and services remains high.

    Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: MCO
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