Moody's: Q3 Earnings Snapshot
By AP News
Published - Oct 22, 2024, 07:07 AM ET
Last Updated - Dec 16, 2024, 06:08 PM EST
NEW YORK (AP) — NEW YORK (AP) — Moody's Corp. (MCO) on Tuesday reported third-quarter earnings of $534 million.
The New York-based company said it had profit of $2.93 per share. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, were $3.21 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.89 per share.
The credit ratings agency posted revenue of $1.81 billion in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $1.73 billion.
