Moody’s Investors Service 3Q19 revenue of $747 million, up 16% from 3Q18; Moody’s Analytics revenue of $494 million, up 13%.
Q319 diluted EPS of $1.99 increased 25% from 3Q18; adjusted diluted EPS of $2.15 up 27%1. FY 2019 diluted EPS and adjusted diluted EPS guidance ranges increased to $7.20 to $7.35 and $8.05 to $8.20, respectively
“Moody’s revenue increased 15% in the third quarter as Moody’s Investors Service benefited from strong corporate and public finance sector bond issuance amid favorable market conditions. Furthermore, Moody’s Analytics continued to deliver robust performance across all business lines, particularly in ERS, driven by solid demand for its analytical solutions,” said Raymond McDaniel, President and Chief Executive Officer of Moody’s. “In light of stronger than anticipated top-line growth and disciplined expense management, we are raising our full year 2019 adjusted diluted EPS guidance range to $8.05 to $8.20.”
Year-to-date revenue up 6%
Moody’s Corporation reported revenue of $3.6 billion for the first nine months of 2019, up 6% from the prior-year period. U.S. revenue was $1.9 billion, up 7% from the prior-year period. Non-U.S. revenue was $1.7 billion, up 5%, and represented 47% of total revenue, consistent with the first nine months of 2018. Foreign currency translation unfavorably impacted Moody’s revenue by 2%.