Moody's (MCO) Q2 Earnings Beat on Solid Bond Issuance Volume

Moody's (MCO) reported second-quarter 2024 adjusted earnings of $3.28 per share, which handily outpaced the Zacks Consensus Estimate of $3.06. The bottom line surged 43% from the year-ago quarter figure.Robust global bond issuance volumes and steady demand for analytics supported Moody’s results. The company’s liquidity position was robust during the quarter. However, an increase in operating expenses posed a headwind.After considering certain non-recurring items, net income attributable to Moody's was $522 ...