On Oct. 26, Moody's (NYSE:MCO) released third-quarter earnings for the period ended Sept. 30.
- Revenues climbed 17.7% on strong performance in all three business segments.
- GAAP EPS grew 14.6%.
- Moody's revised its full-year 2006 forecast upward. It now expects revenue growth in the low teens and a slight increase in operating margins.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q3 2006 |
Q3 2005 |
Change | |
|---|---|---|---|---|
|
Sales |
$472 |
$496 |
$421 |
17.7% |
|
Net Profit |
-- |
$157 |
$147 |
7.1% |
|
EPS |
$0.52 |
$0.55 |
$0.48 |
14.6% |
|
Diluted Shares |
-- |
288 |
308 |
(6.4%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* | |
|---|---|---|---|
|
Operating Margin |
54.25% |
55.07% |
(0.82) |
|
Net Margin |
31.69% |
34.81% |
(3.12) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$295 |
$818 |
(64.0%) |
|
Accounts Rec. |
No Data |
No Data |
No Data |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
No Data |
No Data |
No Data |
|
Notes Payable |
$300 |
$300 |
0.0% |
Learn the ways of the balance sheet.
Segment Revenue
|
Q3 2006 |
Q3 2005 |
Change | |
|---|---|---|---|
|
Ratings |
$394 |
$333 |
18.3% |
|
Research |
$66 |
$54 |
22.2% |
|
Moody's KMV* |
$36 |
$35 |
2.9% |
|
Total Revenue |
$496 |
$421 |
17.8% |
Related companies:
- American Express (NYSE:AXP)
- Orix (NYSE:IX)
- Capital One Financial (NYSE:COF)
- CIT Group (NYSE:CIT)
Related Foolishness:
- Foolish Forecast: Perpetual Good Moody's
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- Senators Snookered by Credit Rating Bill?
Moody's is a Motley Fool Stock Advisor recommendation.
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