Moody's Q3 Profit Rises to $734 Million but Misses Analyst Estimates on EPS and Revenue

Moody's Corp. (MCO) reported third-quarter profit of $734 million on Wednesday, falling short of Wall Street expectations on both earnings per share and revenue. The New York-based credit ratings agency posted earnings of $4.14 per share on an adjusted basis, below the $4.25 average estimate of eight analysts surveyed by Zacks Investment Research. Revenue came in at $2.02 billion, also missing the $2.06 billion forecast from seven analysts. On a reported basis, per-share profit was $4.24. Moody's guided full-year earnings to a range of $16.50 to $17 per share.