Accounts on the rise for Moody's. In the first quarter, the rating agency saw net income increase to $188,4 million ($0,83 per share), compared with $173,5 million in the same period last year ($0,76 per share). ). The earnings include a $0,14 per share charge for settlement agreements with Abu Dhabi and Rhinebridge, the company said in the note.
Revenues grew 13% to $731,8 million, from $646,8 million in the same period last year. The expectations of analysts were disappointed, as they expected profits of 0,85 dollars per share. On the other hand, the revenues that analysts expected at 729 million dollars surprise on the positive side.
As regards the outlook, Moody's forecasts for 2013 a profit between 3,49/3,59 dollars per share and a growth in revenues in the higher percentage range.
