Moody's up after it raises FY24 profit forecasts above estimates

Moodys

23/07/2024 14:56

** Shares of ratings agency Moody's Corp  MCO.N  up 0.5% at
$452.44 
    ** Co raises its forecast for full-year adjusted profit
above Wall Street estimates, driven by strong demand for its
research and analytics products
    ** Moody's expects fiscal year 2024 adj. earnings per share
to be between $11 and $11.40 vs previous forecast in the range
of $10.40 to $11
    ** Analysts expect 2024 adj. profit per share to be $11.02 -
LSEG
    ** Net earnings attributable to Moody's Corp was $552
million, or $3.02 per share, for the three months ended June 30,
compared with $377 million, or $2.05 per share, a year earlier
    ** Including session's move, MCO up ~16% YTD 

 (Reporting by Pritam Biswas in Bengaluru)
 ((Pritam.Biswas@thomsonreuters.com))