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Moody's forecasts annual profit above estimates on robust demand
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Moody's forecasts annual profit above estimates on robust demand
Feb 13, 2025 5:40 AM

(Reuters) - Ratings agency Moody's Corp forecast 2025 profit above Wall Street estimates on Thursday, anticipating strong demand for its data and analytics offerings amid macroeconomic ambiguity, sending its shares up over 3% in premarket trading.

Demand for market analytical tools has risen as investors try to capture value amid diminishing chances of interest rate cuts and rising uncertainty over the economic impact of the U.S. administration's trade, immigration and fiscal policies.

S&P Global ( SPGI ), Moody's peer, also forecast 2025 adjusted profit above analysts' estimates on Tuesday.

Moody's forecast an annual adjusted profit of $14 per share to $14.50 per share, above analysts' estimates of $13.58, according to data compiled by LSEG.

Its adjusted profit of $2.62 per share in the fourth quarter also exceeded analysts' expectation of $2.59.

Total revenue increased 13% to $1.67 billion, powered by an 8.4% rise in its analytics unit and a 17.2% jump in its investor service business. Both units have a roughly equal contribution.

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