Quarterly indicators of profit and revenue of Moody's surpassed market forecasts

Moody's Corporation, which owns one of the world's largest rating agencies, reported a second quarter increase in its net profit to 376 million 200 thousand dollars from 312 million 200 thousand dollars for the same period last year. Adjusted earnings were 2 dollars 4 cents per share, while analysts had predicted 1 dollar 89 cents per share. Revenue amounted to 1 billion 180 million dollars, increased by 17% in annual terms. Analysts had expected the figure at the level of 1 billion 150 million dollars. The credit rating division increased its revenue by 10%, the unit engaged in data analysis and market research, increased the figure by 35%.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: