Moody's Corporation

Equities

MCO

US6153691059

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Market Closed - Nyse Other stock markets 01:30:02 18/07/2024 am IST			5-day change	1st Jan Change
456 ^USD	+0.82%		+4.29%	+16.77%

17/07	Wolfe Research Adjusts Price Target on Moody's to $490 From $435	MT
16/07	Trump's unity plea and Powell's perfect pitch propel Wall Street

Moody's 4Q Earnings Fall as Credit-Market Activity Slows

January 31, 2023 at 06:16 pm IST

By Rob Curran

Moody's Corp. posted a decline in fourth-quarter earnings and revenue as bond issuance was stymied by economic uncertainty and market fluctuations.

The New York credit-ratings and research firm said fourth-quarter earnings fell to $246 million, or $1.34 a share, from $427 million, or $2.28 a share, a year earlier. Excluding certain items, adjusted earnings were $1.60 a share.

Fourth-quarter revenue slipped 16% to $1.29 billion, as credit-ratings revenue was weighed down by a collapse in activity in the high-risk junk-bond and leveraged-loan markets. Revenue at the Moody's Analytics research unit rose 7% to $714 million.

Write to Rob Curran at rob.curran@wsj.com

(END) Dow Jones Newswires

01-31-23 0745ET

Latest news about Moody's Corporation

Wolfe Research Adjusts Price Target on Moody's to $490 From $435	17/07	MT
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Moody's Corporation acquired remaining 49% stake in Global Credit Rating Co Ltd.	08/07	CI
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Moody's Corporation(NYSE:MCO) dropped from Russell 1000 Dynamic Index	01/07	CI
Moody's Corporation(NYSE:MCO) dropped from Russell 1000 Value-Defensive Index	01/07	CI
Moody's Corporation(NYSE:MCO) dropped from Russell 3000E Value Index	01/07	CI
Moody's Corporation(NYSE:MCO) dropped from Russell 3000 Value Index	01/07	CI
Moody's Corporation(NYSE:MCO) dropped from Russell Top 200 Value Index	01/07	CI
Moody's Corporation(NYSE:MCO) dropped from Russell 1000 Value Index	01/07	CI
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Company Profile

Moody's Corporation is one of the world's No. 1 financial notation groups. Net sales break down by activity as follows: - analysis and risk management services (50.6%): primarily credits consulting, research and analysis services, sale of risks management software, etc.; - financial notation services (49.4%): for estimating the companies' solvency risks. Net sales are distributed geographically as follows: the United States (52.5%), Americas (6.5%), Europe/Middle East/Africa (30.8%) and Asia/Pacific (10.2%).

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Calendar

23/07/2024 - Q2 2024 Earnings Release

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S&P 500

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