Moody’s Q3 REVENUES DECLINED 17%

Posted by Joachim Bartels | Dec 11, 2010 | Company, Country, Industry, Moody's, Newsletters, Rating Services, United States | 0 |

Moody’s reported revenue of $433.4 million for the three months ended September 30, 2008, a decrease of 17% from $525.0 million for the same quarter of 2007. Operating income for the quarter was $189.8 million, a 24% decline from $250.5 million for the same period last year. Diluted earnings per share were $0.46 for the third quarter of 2008 and included a benefit of $0.01 related to legacy tax matters and 2007 restructuring adjustments. Excluding the impact of these items, diluted earnings per share declined 12% to $0.45 in 2008 versus $0.51 in 2007. Not surprisingly structured finance sector still show steep declines. Analytics are up, but hardly compensating the revenue declines in rating services. Source: Moody’s Earnings Release

BIIA Newsletter October 2008 Issue

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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