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Moody's Raises Share Repurchase Guidance To $1.3B After Q2 Earnings - Details
Moody’s Corporation (NYSE:MCO) shares are trading lower after reporting second-quarter results.
The company reported quarterly adjusted earnings per share of $3.28, beating the street view of $3.02. Quarterly sales of $1.817 billion, beating the street view of $1.725 billion.
“The 22% growth in revenue is driving a 21% increase in operating cash flow, enabling us to raise share repurchase guidance to $1.3 billion,” said Chief Financial Officer Noémie Heuland.
Moody’s Analytics ...