Moody's Beats Estimates In Q3, Raises Full-Year Outlook After Investors Service Segment Achieves 41% Revenue Growth
Portfolio Pulse from Anusuya Lahiri
Moody's Corp reported strong Q3 results, beating earnings and revenue estimates, with a notable 41% revenue growth in its Investors Service segment. The company raised its full-year EPS outlook, projecting high-teens revenue growth. Despite this, MCO stock slid 1.12% premarket.
October 22, 2024 | 3:16 pm
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Moody's Corp reported strong Q3 results, with earnings and revenue surpassing estimates. The Investors Service segment saw a 41% revenue growth, leading to a raised full-year EPS outlook. Despite positive results, MCO stock slid 1.12% premarket.
Moody's reported better-than-expected Q3 earnings and revenue, with significant growth in its Investors Service segment. The company raised its full-year EPS outlook, indicating strong future performance. However, the stock slid premarket, possibly due to profit-taking or market conditions.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100