Moody's Corp raises 2024 adjusted profit forecast above Wall Street estimates, driven by strong demand for research and analytics products.
Moody's Corp raised its 2024 forecast for full-year adjusted profit above Wall Street estimates, driven by strong demand for its research and analytics products. The easing economic uncertainty helped Moody's notch up more in debt issuance, driving up investor service arm's revenue by 36% to $1.02 billion in the second quarter. Analysts' estimates for adjusted earnings per share are now $11.02, but Moody's expects fiscal year 2024 adjusted earnings per share to be between $11 and $11.40.
July 23, 2024
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