Moody's Stock Gains Traction On Confident Outlook

Following its second-quarter earnings release on Wednesday, Moody’s Corp. (NYSE:MCO) stock saw an uptick.

The financial intelligence company reported a strong 4% year-on-year (Y/Y) increase in revenue, reaching $1.90 billion and comfortably exceeding the analyst consensus of $1.82 billion.

Moody’s also beat profit forecasts, posting adjusted earnings per share of $3.56 compared to the $3.29 estimate.

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Moody’s Investors Service’s (MIS) revenue reached $1.0 billion during the quarter, marking a flat growth rate Y/Y. Moody’s Analytics (MA) revenue grew 11% to $888 million.

Operating expenses grew 4% compared to the prior-year period, including 2% from restructuring charges ...