Moody's Corporation announced robust results for the third quarter of 2024, with consolidated revenue reaching $1.81 billion, marking a 23% increase compared to the prior year period. This performance was driven by strong demand for its research and analytics products.
The Moody's Investors Service (MIS) segment saw its revenue rise by 41% to $982 million, while the Moody's Analytics (MA) segment's revenue grew 7% to $831 million. Adjusted diluted earnings per share (EPS) for the quarter increased by 39% to $3.21, surpassing analyst expectations.
Following these strong results, Moody's raised its full-year 2024 adjusted EPS guidance to a range of $11.90 to $12.10, up from its previous forecast of $11.00 to $11.40. This updated outlook reflects the company's confident assessment of its continued performance and market position.
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