Moodys reported third quarter earnings that missed analyst's expectations on Friday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.69 on revenue of $1.08B. Analysts polled by anticipated EPS of $1.8 on revenue of $1.13B. That compared to EPS of $1.52 on revenue of $1.06B in the same period a year earlier. The company had reported EPS of $2.04 on revenue of $1.18B in the previous quarter.
For the year, Moodys shares are up 4.81%, outperforming the S&P 500 which is up 0.81% year to date.
Moodys follows other major Services sector earnings this month
On Thursday, Amazon.com (NASDAQ:AMZN) reported third quarter EPS of $5.75 on revenue of $56.58B, compared to forecasts of EPS of $3.08 on revenue of $57.09B.
Visa (NYSE:V) earnings beat analyst's expectations on Wednesday, with fourth quarter EPS of $1.21 on revenue of $5.43B. analysts expected EPS of $1.2 on revenue of $5.43B
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