By Dean Seal
Shares of Moody's fell after the company logged lower earnings and revenue in the fourth quarter than analysts had been expecting.
The stock was down 6.9% at $373.63 in early trading. Shares are now 4% lower than where they started the year.
The New York credit-ratings and research firm posted adjusted earnings, which strip out one-time items, of $2.19 a share for the fourth quarter. Analysts had been projecting $2.33 a share, according to FactSet.
Quarterly revenue jumped 15% from a year ago to $1.48 billion but was shy of forecasts for $1.49 billion, according to FactSet.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
02-13-24 1042ET