Reported 3 days ago
Moody's reported increased profits for the second quarter, driven by strong performance in its data and analytics unit alongside a rise in government borrowing. The analytics segment revenue grew 11% to $888 million, as demand for market analysis tools surged amid economic uncertainties. Overall profit reached $578 million, or $3.21 per share, slightly up from the previous year, prompting the company to revise its annual earnings forecast upward.
Source: YAHOO