Moody's Corporation reported a strong first quarter with revenue up 13% to $1.3 billion and diluted EPS of $2.57, a 33% increase year-over-year. However, due to the anticipated economic implications of COVID-19, the company has reduced its full year 2020 diluted EPS and adjusted diluted EPS guidance ranges.
Q1 2020 revenue reached $1.3 billion, a 13% increase compared to Q1 2019.
Moody's Investors Service (MIS) revenue was $794 million, up 19% from the prior year.
Moody's Analytics (MA) revenue increased by 5% to $496 million.
Diluted EPS for Q1 2020 was $2.57, a 33% increase from Q1 2019, while adjusted diluted EPS was $2.73, up 32%.
Moody's updated outlook for 2020 reflects numerous assumptions about many factors that could affect its business based on information reviewed by management through and as of today’s date, including observations and assumptions regarding the impact of COVID-19.
Visualization of income flow from segment revenue to net income