8-KEarnings & ResultsRegulation FDExhibits & Filings

MOODYS CORP /DE/ 8-K Report, Financial Results (May 3, 2013)

Filed May 3, 2013For Securities:MCO

Summary

Moody's Corporation (MCO) filed an 8-K on May 3, 2013, to report its financial results for the first quarter ended March 31, 2013. The filing primarily references a press release (Exhibit 99.1) that details these results. A key piece of information for investors is the updated full-year 2013 guidance, which includes both GAAP and non-GAAP Earnings Per Share (EPS) figures. The company provided a GAAP EPS guidance range of $3.35 to $3.45 for fiscal year 2013. Importantly, this guidance reflects a litigation settlement charge that impacted EPS by $0.14. The company also provided a non-GAAP EPS guidance range of $3.49 to $3.59 for fiscal year 2013, which excludes this litigation settlement charge. Investors should note that non-GAAP measures should be considered alongside, not as a substitute for, GAAP results.

Key Highlights

  • 1Moody's Corporation announced its Q1 2013 financial results on May 3, 2013.
  • 2The 8-K filing includes a press release detailing the quarterly earnings.
  • 3Full-year 2013 GAAP EPS guidance is set between $3.35 and $3.45.
  • 4A litigation settlement charge of $0.14 per share impacted the GAAP EPS guidance.
  • 5Full-year 2013 non-GAAP EPS guidance, excluding the litigation charge, is projected between $3.49 and $3.59.
  • 6The company emphasizes that non-GAAP financial measures should be considered in addition to, not as a substitute for, GAAP measures.

Frequently Asked Questions

The 8-K filing on May 3, 2013, primarily serves to announce Moody's Corporation's financial results for the quarter ended March 31, 2013. Detailed financial results are available in the press release attached as Exhibit 99.1.

For fiscal year 2013, Moody's provided a GAAP EPS guidance range of $3.35 to $3.45. On a non-GAAP basis, excluding a litigation settlement charge, the EPS guidance is $3.49 to $3.59.

The litigation settlement charge has a stated impact of $0.14 per share on Moody's 2013 GAAP EPS guidance. The non-GAAP guidance excludes this charge.

No, Moody's Corporation states that non-GAAP financial measures should be considered in addition to, and not as a substitute for or superior to, EPS prepared in accordance with GAAP. Investors are advised to review the company's financial statements and SEC filings for a comprehensive understanding.