Quarterly indicators of profit and revenue of Moody's surpassed market forecasts

Moody's Corporation, which owns one of the world's largest rating agencies, reported a second quarter increase in its net profit to 376 million 200 thousand dollars from 312 million 200 thousand dollars for the same period last year. Adjusted earnings were 2 dollars 4 cents per share, while analysts had predicted 1 dollar 89 cents per share. Revenue amounted to 1 billion 180 million dollars, increased by 17% in annual terms. Analysts had expected the figure at the level of 1 billion 150 million dollars. The credit rating division increased its revenue by 10%, the unit engaged in data analysis and market research, increased the figure by 35%.

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