07:47 AM EDT, 05/02/2024 (MT Newswires) -- Moody's (MCO) reported Q1 adjusted earnings Thursday of $3.37 per diluted share, up from $2.99 a year earlier.

Analysts polled by Capital IQ expected $3.01.

Revenue for the quarter ended March 31 was $1.79 billion, up from $1.47 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.68 billion.

For 2024, the bond-rating agency and financial information provider narrowed its 2024 adjusted earnings guidance to $10.40 to $11.00 per diluted share from the previous estimate of $10.25 to $11.00 per share. Analysts polled by Capital IQ expect $10.74.

Shares of the company were down 1.1% in recent premarket activity.

Price: 368.94, Change: -3.95, Percent Change: -1.06