New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 21, 2014
07:53 EDTMCOMoody's announces conditional open offer to up ownership stake in ICRA
Moody's announced a conditional open offer to acquire up to 2,650,000 equity shares of ICRA. The offer is conditional upon acquiring at least 2,149,101 equity shares, which would increase Moody’s ownership stake from 28.5% to just over 50%. Full acceptance of the offer would increase Moody’s ownership stake in ICRA to approximately 55%. The offer price, payable in cash, is INR2,000 per share, which represents a 25.9% premium to ICRA’s closing price on the National Stock Exchange of India Limited on February 21 and a 28.7% and 42.5% premium to the one-month and six-month trailing average stock price, respectively. The offer price represents a 22.2% premium to ICRA’s all-time closing high on the NSE of INR 1,637 per share on December 31, 2013. The tender period is expected to begin in April subject to completion of a review of the transaction by Indian regulatory authorities. Moody’s will fund the offer from international cash on hand.
News For MCO From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
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
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use