Moody's corporation reports results for first quarter 2020

Oration reports results for first quarter 2020.sees fy 2020 adjusted earnings per share $7.80 to $8.40.sees fy 2020 earnings per share $7.25 to $7.85.q1 adjusted earnings per share $2.73.q1 earnings per share $2.57.q1 revenue $1.3 billion versus refinitiv ibes estimate of $1.2 billion.q1 earnings per share estimate $2.22 -- refinitiv ibes data.fy 2020 diluted eps and adjusted diluted eps guidance ranges reduced due to anticipated covid-19 impacts.expect economic implications of covid-19 to be more pronounced through second half of year.both lowered and widened our full year 2020 adjusted diluted eps guidance range to reflect higher degree of uncertainty.in response to covid-19 pandemic, company has suspended share repurchases.at quarter-end, moody's had $6.8 billion of outstanding debt and an undrawn $1.0 billion revolving credit facility.total cash, cash equivalents and short-term investments at quarter-end were $2.2 billion, up from $1.9 billion on december 31, 2019.2020 outlook assumes co does not experience any material negative impact to its ability to conduct its operations as a result of covid-19.sees 2020 revenue decline in mid-single-digit percent range.sees 2020 free cash flow of $1.2 billion to $1.4 billion.sees 2020 operating margin of 41% to 43%.sees 2020 mis global revenue to decline in high-single-digit percent range.sees 2020 ma global revenue to increase in mid-single-digit percent range.
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