Moody's Q3: Earnings Above Street View, Double-Digit Revenue Growth & More
Portfolio Pulse from Shivani Kumaresan
Moody's Corp (NYSE:MCO) reported Q3 FY23 sales growth of 15% YoY to $1.472 billion, beating the analyst consensus estimate. Adjusted EPS of $2.43 beat the consensus of $2.30. The company held $2 billion in cash and equivalents as of September 30, 2023. Moody's reaffirmed FY23 adjusted EPS outlook of $9.75-$10.25. MCO shares are trading higher by 4.30% at $318.76.
October 25, 2023 | 4:37 pm
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POSITIVE IMPACT
Moody's reported strong Q3 FY23 results, beating analyst estimates for sales and EPS. The company also reaffirmed its FY23 EPS outlook. This positive news has led to a rise in MCO's stock price.
Moody's reported strong Q3 FY23 results, beating analyst estimates for sales and EPS. This positive news, along with the reaffirmation of the FY23 EPS outlook, has likely contributed to the rise in MCO's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100