Investing.com - Moodys (NYSE:MCO) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Moodys announced earnings per share of $2.73 on revenue of $1.29B. Analysts polled by Investing.com anticipated EPS of $2.2 on revenue of $1.2B. That with comparison to EPS of $2.07 on revenue of $1.14B in the same period a year before.Moodys had reported EPS of $2 on revenue of $1.23B in the previous quarter.Analysts are expecting EPS of $2.06 and revenue of $1.18B in the upcoming quarter.
Moodys shares are down 13% from the beginning of the year and are trading at $254.98 , down-from-52-week-high.They are under-performing the S&P 500 which is down 9.4% year to date.
Moodys follows other major Services sector earnings this month
Moodys's report follows an earnings beat by Verizon on Friday, April 24, 2020, who reported EPS of $1.26 on revenue of $31.61B, compared to forecasts EPS of $1.22 on revenue of $32.38B.
AT&T had missed expectations on Wednesday, April 22, 2020 with first quarter EPS of $0.84 on revenue of $42.78B, compared to forecast for EPS of $0.85 on revenue of $44.2B.
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