Moody's Shares Fall After 4Q Results Miss Estimates
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Dow Jones
By Dean Seal
Shares of Moody's fell after the company logged lower earnings and revenue in the fourth quarter than analysts had been expecting.
The stock was down 6.9% at $373.63 in early trading. Shares are now 4% lower than where they started the year.
The New York credit-ratings and research firm posted adjusted earnings, which strip out one-time items, of $2.19 a share for the fourth quarter. Analysts had been projecting $2.33 a share, according to FactSet.
Quarterly revenue jumped 15% from a year ago to $1.48 billion but was shy of forecasts for $1.49 billion, according to FactSet.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
February 13, 2024 10:42 ET (15:42 GMT)
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