NEW YORK (AP) _ Moody's Corp. (MCO) on Tuesday reported fourth-quarter profit of $246 million.

On a per-share basis, the New York-based company said it had net income of $1.34. Earnings, adjusted for one-time gains and costs, came to $1.60 per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.42 per share.

The credit ratings agency posted revenue of $1.29 billion in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $1.25 billion.

For the year, the company reported profit of $1.37 billion, or $7.44 per share. Revenue was reported as $5.47 billion.

Moody's expects full-year earnings in the range of $9 to $9.50 per share.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MCO at https://www.zacks.com/ap/MCO

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