News Formal

Moody’s stock rises on earnings beat as bond issuance rebounds

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

Steve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.

Moody’s Corp.’s stock MCO, +4.98% rose 3.3% after the company beat its third-quarter earnings and revenue targets on a rebound in debt issuance. Moody’s said it earned $2.43 a share in the quarter, well ahead of the FactSet consensus of $2.30 a share. Revenue grew 13% to $1.472 billion, slightly beating the $1.461 billion estimate. Looking ahead, Moody’s expects 2023 adjusted earnings of $9.75 a share to $10.25 a share, against a FactSet consensus estimate of $9.

99 a share. Among the bright spots in the quarter, leveraged finance revenue, notably bank loans, had its strongest quarter since the start of 2022, Moody’s said. Moody’s upped its 2023 forecasts from its July estimates to bond issuance growth in the low-to-mid-single digits percentage range. It’s expecting a roughly 40% increase in high-yield bonds. Structured finance deals are expected to drop by 25% in 2023. The Financial Select Sector SPDR Fund XLF, -0.28% dropped by 0.5%.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 3. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

RTX stock rallies after adjusted earnings beat Wall Street estimateSteve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

Vertiv stock rallies as data company beats profit expectation and hikes viewSteve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

Stifel’s stocks drops after big miss on Q3 earnings estimate partly due to non-recurring legal accrualsSteve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

Stifel’s stock drops after big miss on Q3 earnings estimate partly due to non-recurring legal accrualsSteve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »