Moody : Beats on Revenue, Misses on Adjusted EPS

By Allison Prang

Moody's Corp.'s reported lower profit as its expenses climbed by a double-digit percentage for the fourth quarter.

Net income attributable to the ratings company fell 13% to $314 million in the quarter from $359 million. Earnings were $1.66 a share, down from $1.88 a share. Adjusted earnings were $1.91 a share. According to FactSet, analysts were expecting $1.95 a share for adjusted earnings.

Revenue was $1.29 billion, an increase of 4.6% from $1.23 billion a year earlier. Analysts were expecting $1.22 billion.

Total expenses for the quarter, however, rose 16%.

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(END) Dow Jones Newswires

02-12-21 0727ET