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Moody's Heads for Lower Open After Results Miss Expectations

(Teleborsa) - Moody's slips around 3% in Wall Street pre-market trading after posting third-quarter results below expectations: revenue came in at $2.02 billion, below the estimated $2.08 billion, although it rose 1% year over year and 3% on an organic basis.The operating margin came in at 44.8%, while the adjusted figure was 52.6%.The earnings per share and adjusted earnings per share rose, respectively, 18% to $4.24 and 6% to $4.14 (estimate: $4.25).OutlookMoody's confirms its guidance for the full year 2026, which calls for earnings per share between $16 and $16.50 and adjusted earnings per share between $16.50 and $17.00.Comments from the Chairman and CEO"Moody's delivered another quarter of strong profitability and earnings growth, driven by rigorous execution and healthy cash generation in an increasingly complex operating environment. It is in markets like this one that our clients value our independent analysis and interconnected intelligence most", says Rob Fauber, President and Chief Executive Officer of Moody's Corporation.
Fonte: Teleborsa