Moody's: Q4 Earnings Snapshot
By AP News
Published - Feb 13, 2024, 07:12 AM ET
Last Updated - Feb 13, 2024, 07:12 AM EST
NEW YORK (AP) — NEW YORK (AP) — Moody's Corp. (MCO) on Tuesday reported fourth-quarter net income of $340 million.
On a per-share basis, the New York-based company said it had profit of $1.85. Earnings, adjusted for amortization costs and restructuring costs, came to $2.19 per share.
The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.34 per share.
The credit ratings agency posted revenue of $1.48 billion in the period, which also did not meet Street forecasts. Seven analysts surveyed by Zacks expected $1.49 billion.
