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REFILE-BUZZ-Moody's rises on better-than-expected annual profit forecast

ReutersFeb 13, 2025 2:46 PM

Corrects to add dropped words 'annual profit' in headline

Ratings agency Moody's Corp's MCO.N shares rise over 3.1% to $521.15 in premarket trading

Co forecasts 2025 adj profit between $14.00 per share and $14.50 per share, beating analysts' estimate of $13.58 per share, according to data compiled by LSEG

Revenue from Analytics segment jumped 8.4% to $866 million in the quarter ended December 31

Revenue from Investor Services rose 17.2% to $858 million

Total revenue increased 13% to $1.67 billion

Stock rose around 21% in 2024, compared with a 23% jump in the benchmark S&P500 .SPX

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