Moody’s reports Q2 EPS $3.28 , consensus $3.02

Reports Q2 revenue $1.817B , consensus $1.72B.”This was another impressive quarter for Moody’s, led by the performance of our best-in-class ratings franchise. We delivered double-digit revenue growth, fueling product development and innovation,” said Rob Fauber, President and Chief Executive Officer of Moody’s. “We also entered several exciting strategic partnerships with industry-leading companies to broaden the availability and reach of our data and insights.” “Moody’s outstanding performance in the second quarter demonstrates the incredible operating leverage inherent in the business. The 22% growth in revenue is driving a 21% increase in operating cash flow, enabling us to raise share repurchase guidance to $1.3 billion. For the full we ar, we are raising our adjusted diluted EPS guidance and narrowing the range to $11.00 to $11.40…