Moody’s cuts profit forecast on market volatility after solid first quarter
From Yahoo Finance: 2025-04-22 07:53:00
Moody’s reported higher first-quarter profit due to strong analytics unit and bond issuance. Despite market volatility, earnings per share forecast for 2025 was lower. The company’s profit grew 8% to $625 million, with revenue from the analytics segment climbing 8% to $859 million. Moody’s Investors Service business revenue increased by 8%. CEO Rob Fauber remains optimistic.
Read more: Moody’s cuts profit forecast on market volatility after solid first quarter