Moody’s Earnings, Revenue Miss in Q2
Moody’s Earnings, Revenue Miss in Q2
Investing.com – Moody’s reported on Tuesday second quarter earnings that missed analysts’ forecasts and revenue that fell short of expectations.
Moody’s announced earnings per share of $2.22 on revenue of $1.38B. Analysts polled by Investing.com anticipated EPS of $2.35 on revenue of $1.43B.
Moody’s shares are down 5% from the beginning of the year, still down 28.77% from its 52 week high of $407.94 set on November 1, 2021. They are outperforming the S&P 500 which is down 16.77% from the start of the year.
Moody’s shares lost 3.64% in pre-market trade following the report.
Moody’s follows other major Financial sector earnings this month
Moody’s’s report follows an earnings beat by Berkshire Hathaway A on July 19, who reported EPS of $4774.01 on revenue of $70.81B, compared to forecasts EPS of $4277.66 on revenue of $70.32B.
JPMorgan had missed expectations on July 14 with second quarter EPS of $2.76 on revenue of $30.72B, compared to forecast for EPS of $2.89 on revenue of $31.86B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
