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Moody's misses profit and revenue views, boosts dividend and sets $500 million ASR

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The credit ratings company said net income rose to $250.3 million, or $1.29 a share, from $25.5 million, or 13 cents a share, a year ago, which included tax reform-related charges, while adjusted earnings per share rose 8% to $1.63, but was below the FactSet consensus of $1.68. Revenue fell 9% to $1.06 billion, missing the FactSet consensus of $1.13 billion. Moody's said it was raising its quarterly dividend to 50 cents a share from 44 cents, with the new dividend payable March 18 to shareholders of record on Feb. 25. 

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https://www.marketwatch.com/story/moodys...yptr=yahoo

Moody's (MCO) Beats on Q1 Earnings and Revenue Estimates

Key Q1 Takeaways
 

After taking into consideration certain non-recurring items, net income was $372.9 million or $1.93 per share.
As of Mar 31, 2019, Moody’s had total cash, cash equivalents and short-term investments of $1.3 billion.
In the reported quarter, Moody’s returned $500 million to shareholders.
Moody’s affirmed expecting adjusted earnings in the range of $7.85-$8.10 per share in 2019.

https://finance.yahoo.com/news/moodys-mc...12403.html