In the reported quarter, Moody’s profit was $646 million, or $3.60 per share, compared with $534 million, or $2.93 per share, a year earlier. Moody’s Investors Service, which issues credit ratings, posted $2 billion in revenue, up 11% year-on-year.
The company now expects annual adjusted profit per share to be between $14.50 and $14.75, up from the prior forecast of $13.50 to $14.00. Revenue growth is now expected in the high single-digit percent range, compared with earlier expectations of mid single digits.