Moody's Raises Share Repurchase Guidance To $1.3B After Q2 Earnings - Details
Portfolio Pulse from Nabaparna Bhattacharya
Moody's Corporation (NYSE:MCO) reported strong Q2 earnings, beating street estimates with an adjusted EPS of $3.28 and sales of $1.817 billion. The company raised its share repurchase guidance to $1.3 billion and increased its FY24 adjusted EPS outlook. Despite the positive results, MCO shares are trading lower.
July 23, 2024 | 3:17 pm
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Moody's Corporation reported strong Q2 earnings, beating street estimates with an adjusted EPS of $3.28 and sales of $1.817 billion. The company raised its share repurchase guidance to $1.3 billion and increased its FY24 adjusted EPS outlook. Despite the positive results, MCO shares are trading lower.
Moody's reported better-than-expected Q2 earnings and raised its share repurchase guidance, which is generally positive for the stock. However, the shares are trading lower, possibly due to profit-taking or other market factors. The raised FY24 EPS outlook and increased revenue projections are strong indicators of future growth.
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