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Stock Market & Financial Investment News

News Breaks
June 20, 2014
05:23 EDTMCOMoody's secures majority ownership stake in ICRA
Moody’s announced that it has secured a majority equity ownership stake in ICRA Ltd., a leading provider of credit ratings and research in India, increasing its stake from 28.5% to over 50%. Based on current exchange rates, the total value of the transaction is approximately $86M. Moody’s will fund the offer from international cash on hand. The transaction is expected to close on or by June 30.
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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