Moody's raises 2024 profit forecast to $11.90-$12.10 EPS on strong Q3 earnings growth.
Moody's Corporation has raised its full-year adjusted profit forecast for 2024, anticipating earnings per share between $11.90 and $12.10, exceeding analyst estimates. The company reported a 31% increase in third-quarter earnings, driven by strong demand for its research and analytics products, with total revenue rising to $1.81 billion. The positive outlook comes as expectations of a soft landing for the U.S. economy grow amid the Federal Reserve's rate cuts.
October 22, 2024
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