=Moody's (MCO) reported earnings on Fri 21 July 2017 (b/o)

Moody's beats by $0.17, beats on revs; raises FY17 EPS above consensus :

• Reports Q2 (Jun) adj earnings of $1.51 per share, $0.17 better than the Capital IQ Consensus of $1.34; revenues rose 7.7% year/year to $1 bln vs the $0.97 bln Capital IQ Consensus.
• Co issues raised guidance for FY17, sees EPS of $5.35-5.50 from $5.15-5.30 vs. $5.34 Capital IQ Consensus Estimate.
• Guidance Details: Moody's now projects an adjusted operating margin of approximately 47%. Moody's now expects revenue to increase in the high-single-digit percent range. For MIS, Moody's now expects revenue to increase in the high-single-digit-percent range. U.S. revenue is still expected to increase in the mid-single-digit percent range, while non-U.S. revenue is now expected to increase in the low-teens percent range. Corporate finance revenue is now expected to increase in the low-teens percent range. Financial institutions revenue is now expected to increase in the high-single-digit percent range. For MA, Moody's now expects revenue to increase in the high-single-digit-percent range. U.S. revenue is now expected to increase in the mid-single-digit percent range and non-U.S. revenue is now expected to increase in the low-double digit percent range.