Business & Finance
Moody’s Earnings Fall Short of Estimates, Shares Decline
Key Points
Moody’s Earnings Fall Short of Estimates, Shares Decline Moody’s Corp. posted quarterly results that fell short of average analyst estimates, hurt by weaker revenue in its ratings business as rising yields weighed on corporate bond sales, and its shares fell. The credit rating and financial data company posted net income to the firm of $734 million, or $4.24 a diluted share, compared with $646 million, or $3.60 a share in the same period last year. On an adjusted basis, earnings were $4.14 a...
Moody’s Earnings Fall Short of Estimates, Shares Decline
Moody’s Corp. posted quarterly results that fell short of average analyst estimates, hurt by weaker revenue in its ratings business as rising yields weighed on corporate bond sales, and its shares fell.
The credit rating and financial data company posted net income to the firm of $734 million, or $4.24 a diluted share, compared with $646 million, or $3.60 a share in the same period last year. On an adjusted basis, earnings were $4.14 a share, falling short of analysts’ median estimate of $4.27, according to data compiled by Bloomberg.