Moody's Corporation Raises FY24 Adjusted Diluted EPS Outlook To $10.40-$11.00 Vs. $10.71 Estimate (Prior View: $10.25-$11.00); Projects Revenues To Increase In The High-single-digit To Low-double-digit Percent Range
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Moody's Corporation has updated its FY24 adjusted diluted EPS outlook to $10.40-$11.00, compared to the previous estimate of $10.71 and an earlier range of $10.25-$11.00. The company also expects revenues to grow in the high-single-digit to low-double-digit percent range.
May 02, 2024 | 11:17 am
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Moody's Corporation raises its FY24 EPS outlook to $10.40-$11.00, exceeding the prior estimate of $10.71, and anticipates revenue growth in the high-single to low-double-digit percent range.
The upward revision of Moody's EPS outlook for FY24 and the expectation of significant revenue growth are positive indicators of the company's financial health and future performance. This news is likely to be viewed favorably by investors, potentially leading to a short-term increase in MCO's stock price.
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