[stock MCO][/stock], parent to the credit rating agency Moody's Investors Service,
updated guidance for 2010 earnings and revenue in a Securities and Exchange Commission
filing on Thursday.
The company now expects full-year 2010 revenue to increase approximately 13% versus 2009, with full-year 2010 diluted earnings per share to be in the range of $2.08 to $2.14 versus previous guidance of $1.90 to $1.96.
"The full-year 2010 operating margin is expected to remain in the high-thirties percent range," states the filing. "This reflects previously planned regulatory and technology spending, headcount additions and incremental expense associated with the stronger full-year outlook."
The corporation sees the uptick mainly from strong bond market issuance in the fourth quarter 2010. Moody's Investors Service rates the risk of the bonds. There is also a growing demand for more software projects coming from customers of technology subsidiary, Moody’s Analytics
The updated guidance also includes recent change to both foreign and domestic tax codes that provide a more profit-friendly environment to the company.
Moody’s Corp. will release final fourth-quarter and full-year results before the start of NYSE trading on Feb. 3.
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