22/4/2025, 5:33:02 pm

Moody's cuts profit forecast on market volatility after solid first quarter

Moody's reported an 8% increase in first-quarter profit to $625 million, driven by strong analytics growth and higher bond issuance. However, it lowered its 2025 earnings forecast to $13.25-$14 per share from $14-$14.50 due to market volatility. Shares fell 2% pre-market. Analytics revenue rose 8% to $859 million, while ratings revenue climbed 8% to $1.07 billion.