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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Moodys Corp | NYSE:MCO | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 8.83 | 2.20% | 410.93 | 414.0498 | 403.51 | 404.40 | 490,545 | 19:44:09 |
From May 2023 to May 2024
By Rob Curran
Moody's Corp. boosted its projections for 2023 earnings, citing higher-than-anticipated issuance of investment-grade bonds.
The New York credit-ratings and research firm raised its projection for adjusted net income for the year to $9.75 to $10.25 a share, from a previous target of $9.50 to $10 a share. On a GAAP basis, Moody's now targets earnings of $8.70 to $9.20 a share, up from $8.45 to $8.95 previously.
Investors are becoming more partial to higher credit-quality debt, Moody's said.
Write to Rob Curran at rob.curran@wsj.com
(END) Dow Jones Newswires
July 25, 2023 07:40 ET (11:40 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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