Moody's Q2 Highlights: Earnings Beat, Generative AI Opportunity, Solid Investor Demand & More
Portfolio Pulse from Shivani Kumaresan
Moody's Corp reported Q2 FY23 sales growth of 8% YoY to $1.49 billion, beating the analyst consensus. Moody's Analytics revenue climbed 11% YoY and Moody's Investor Service grew 6%. The company also reported increased investor demand for high-quality credits and higher-than-expected investment grade activity. The company held $2.3 billion in cash and equivalents as of June 30, 2023, and had $7.2 billion of outstanding debt. Moody's raised its FY23 adjusted EPS outlook and revenue guidance.
July 25, 2023 | 4:23 pm
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Moody's reported strong Q2 FY23 results with sales growth and increased investor demand. The company also raised its FY23 adjusted EPS outlook and revenue guidance.
Moody's reported strong Q2 FY23 results, beating analyst consensus. The company also reported increased investor demand and higher-than-expected investment grade activity. This positive financial performance and the raised outlook for FY23 suggest a positive short-term impact on the company's stock.
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IMPORTANCE 80
RELEVANCE 100