Moody's Beats Estimates In Q3, Raises Full-Year Outlook After Investors Service Segment Achieves 41% Revenue Growth

Moody’s Corp (NYSE:MCO) stock slid after reporting third-quarter results.

The company reported quarterly adjusted earnings per share of $3.21, beating the street view of $2.86. Quarterly sales of $1.81 billion, up by 23% year-on-year, beating the street view of $1.7 billion.

Moody’s Analytics revenue grew 7% from the prior-year period. Moody’s Investors Service (MIS) achieved 41% revenue growth from the prior year.

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