This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here


Moody’s Corporation (NYSE:MCO) today announced results for the third quarter 2013.


Moody’s reported revenue of $705.5 million for the three months ended September 30, 2013, up 2% from $688.5 million for the third quarter of 2012. Operating expenses for the third quarter of 2013 totaled $414.0 million, 1% lower than the prior-year period. Operating income for the quarter was $291.5 million, an 8% increase from $269.7 million for the same period last year. Adjusted operating income, defined as operating income before depreciation and amortization, was $314.9 million, a 7% increase from $293.8 million last year. Diluted earnings per share of $0.83 increased 2% from GAAP EPS of $0.81 in the third quarter of 2012 and increased 11% from non-GAAP EPS in the prior-year period of $0.75, which excludes a legacy tax benefit of $0.06 per share.

“Moody’s achieved year-on-year revenue, operating income and EPS growth in the third quarter, despite challenging comparisons to the prior year as well as volatile market conditions," said Raymond McDaniel, President and Chief Executive Officer of Moody’s. "These conditions were expected, and as we approach year-end, we have refined our 2013 EPS guidance range to $3.51 to $3.57.”


For Moody’s Corporation overall, global revenue of $705.5 million for the third quarter of 2013 was up 2% from the third quarter of 2012. U.S. revenue of $391.0 million and non-U.S. revenue of $314.5 million for the third quarter of 2013 increased 3% and 1%, respectively, from the third quarter of 2012. Revenue generated outside the U.S. represented 45% of Moody’s total revenue for the quarter, consistent with the year-ago period.

Global revenue for Moody’s Investors Service (“MIS”) for the third quarter of 2013 was $478.1 million, up 1% from the prior-year period. U.S. revenue of $290.1 million for the third quarter of 2013 was flat to the third quarter of 2012. Revenue generated outside the U.S. of $188.0 million increased 2% from the year-ago period. The impact of foreign currency translation on MIS revenue was negligible.

1 of 11

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.24 0.00%
FB $117.81 0.00%
GOOG $701.43 0.00%
TSLA $211.53 0.00%
YHOO $36.94 0.00%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs