Moody's Corporation Reports Results for First Quarter 2011

Moody's Corporation MCO today announced results for the first quarter 2011. Moody's reported revenue of $577.1 million for the three months ended March 31, 2011, an increase of 21% from $476.6 million for the first quarter of 2010. Operating income for the quarter was $250.1 million, a 27% increase from $196.8 million for the same period last year. Diluted earnings per share were $0.67 for the first quarter of 2011, 43% higher than $0.47 reported in the first quarter of 2010.