Moody’s Corporation (NYSE:MCO) shares climbed Wednesday after the ratings and analytics firm delivered a strong quarter, driven by broad-based momentum across its business lines.
Investors also focused on management’s upbeat outlook, as demand for decision-support tools and credit-market services held firm.
Quarterly Metrics
The company reported fourth-quarter adjusted earnings per share of $3.64, beating the analyst consensus estimate of $3.42. Quarterly sales of $1.889 billion (up 13% from the prior-year period) outpaced the Street view of $1.862 billion.
Moody’s Analytics revenue rose 9%, led by 12% growth in Decision Solutions, 6% …