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Stock Market & Financial Investment News

News Breaks
August 24, 2013
19:53 EDTMCOMoody's wins dismissal of suit challenging ratings independence. Reuters says
In a decision made public on Friday, Moody's and its CEO Raymond McDaniel have won the dismissal of a lawsuit accusing the parent of Moody's Investors Service of defrauding shareholders by making false statements about the independence and objectivity of its credit ratings, says Reuters. The decision by U.S. District Judge George Daniels in Manhattan said the shareholders bringing the lawsuit failed to show a sufficient link between the alleged misstatements and declines in Moody's share price, added Reuters. Reference Link
News For MCO From The Last 14 Days
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July 24, 2015
07:05 EDTMCOMoody's sees FY15 global MIS revenue up in mid single digit percent range
Global MIS revenue for full-year 2015 is still expected to increase in the mid-single-digit percent range. However, US revenue is now expected to increase in the low-double-digit percent range, while non-US revenue is now expected to be approximately flat. Within MIS, structured finance revenue is now expected to grow in the mid-single-digit percent range and public, project and infrastructure finance revenue is now expected to increase in the low-double-digit percent range. Global MA revenue for full-year 2015 is still expected to increase in the mid-single-digit percent range. Within MA, professional services revenue is now expected to decrease in the high-single-digit percent range. The effective tax rate is now expected to be approximately 31% to 32% and capital expenditures are now expected to be approximately $100 - $110 million.
07:05 EDTMCOMoody's still sees FY15 EPS $4.55-$4.65, consensus $4.61
Sees FY15 revenue growth in the mid single digit percent range, consensus $3.54B. Sees operating expense growth in the mid single digit percent range. Sees FY15 free cash flow approx. $1B, share repurchase approx. $1B.
07:04 EDTMCOMoody's reports Q2 adjusted EPS $1.28, consensus $1.22
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July 17, 2015
07:15 EDTMCOMoody's to hold a teleconference
Teleconference provides a discussion on the recently published 'Request for Comment: Global Higher Education Methodology" on July 17 at 11 am. Webcast Link

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