MCO Moodys Corp

By Allison Prang

Moody's Corp. on Wednesday raised multiple facets of its guidance for the full year.

The company said it expects revenue to rise by a low double-digit percentage range. It was expecting it to rise by a high single-digit range.

The company expects between $10.95 a share and $11.25 a share in earnings instead of between $10.40 a share and $10.70 a share. It expects adjusted earnings to be between $11.55 a share and $11.85 a share, instead of between $11 a share and $11.30 a share. According to FactSet, analysts are expecting $11.53 a share.

Moody's expects operating cash flow to be between $2.3 billion and $2.4 billion and for free cash flow to be between $2.2 billion and $2.3 billion. Both those guidance ranges are $100 million higher than previously.

Moody's also expects about $1.5 billion in share buybacks.

Write to Allison Prang at allison.prang@wsj.com

(END) Dow Jones Newswires

July 28, 2021 08:29 ET (12:29 GMT)

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