Moody's (MCO) Beats on Q1 Earnings as Bond Issuances Rise

Moody's (MCO) reported first-quarter 2024 adjusted earnings of $3.37 per share, which outpaced the Zacks Consensus Estimate of$3.06. The bottom line also grew 13% from the year-ago quarter figure.Improvement in 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 taking into consideration certain non-recurring items, net income attributable to ...