STOCK TITAN

Moody's Corporation Reports Results for Third Quarter 2024

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

Moody's (NYSE: MCO) has announced its third quarter 2024 results and provided an updated outlook for the full year 2024. The company reported record-breaking revenue performance in Q3, which CEO Rob Fauber attributes to Moody's status as the Agency of Choice for customers and its efforts to ensure future growth. The analytics business showed strong recurring revenue growth, driven by investments and innovation that enhance offerings and provide customers with insights to navigate complex risk environments.

Moody's will host a teleconference on October 22, 2024, at 11:30 a.m. ET to discuss the results. The webcast and its replay will be accessible through Moody's Investor Relations website. Dial-in details for U.S. and Canada (+1-888-596-4144) and other callers (+1-646-968-2525) are provided, with passcode 515 6491. A replay will be available until November 21, 2024.

Moody's (NYSE: MCO) ha annunciato i suoi risultati del terzo trimestre 2024 e fornito un aggiornamento sulle prospettive per l'intero anno 2024. L'azienda ha riportato un risultato record per le entrate nel terzo trimestre, che il CEO Rob Fauber attribuisce allo status di Moody's come Agenzia di Scelta per i clienti e ai suoi sforzi per garantire la crescita futura. Il business dell'analisi ha mostrato una forte crescita delle entrate ricorrenti, alimentata da investimenti e innovazioni che migliorano le offerte e forniscono ai clienti informazioni per affrontare ambienti di rischio complessi.

Moody's ospiterà una teleconferenza il 22 ottobre 2024, alle 11:30 ET per discutere dei risultati. La trasmissione in diretta e la sua registrazione saranno accessibili attraverso il sito web delle Relazioni con gli Investitori di Moody's. Sono forniti i dettagli per la chiamata per gli Stati Uniti e il Canada (+1-888-596-4144) e per gli altri chiamanti (+1-646-968-2525), con codice di accesso 515 6491. Una registrazione sarà disponibile fino al 21 novembre 2024.

Moody's (NYSE: MCO) ha anunciado sus resultados del tercer trimestre de 2024 y ha proporcionado una actualización de las perspectivas para el año completo de 2024. La empresa reportó un rendimiento de ingresos récord en el tercer trimestre, que el CEO Rob Fauber atribuye al estatus de Moody's como Agencia de Elección para los clientes y a sus esfuerzos para asegurar el crecimiento futuro. El negocio de análisis mostró un fuerte crecimiento de ingresos recurrentes, impulsado por inversiones e innovaciones que mejoran las ofertas y brindan a los clientes información para navegar por entornos de riesgo complejos.

Moody's realizará una teleconferencia el 22 de octubre de 2024, a las 11:30 a.m. ET para discutir los resultados. La transmisión y su repetición estarán accesibles a través del sitio web de Relaciones con Inversionistas de Moody's. Se proporcionan detalles para EE. UU. y Canadá (+1-888-596-4144) y otros llamantes (+1-646-968-2525) con el código de acceso 515 6491. Una repetición estará disponible hasta el 21 de noviembre de 2024.

무디스(Moody's, NYSE: MCO)가 2024년 3분기 실적을 발표하고 2024년 전체에 대한 업데이트된 전망을 제공했습니다. 이 회사는 3분기에 기록적인 수익 실적을 보고했으며, CEO 롭 포버(Rob Fauber)는 무디스가 고객에게 선호하는 기관으로 자리잡고 있으며 미래 성장을 보장하기 위한 노력을 하고 있다고 언급했습니다. 분석 사업 부문은 강력한 반복 수익 성장을 보여주었으며, 이는 고객이 복잡한 위험 환경을 탐색하는 데 필요한 통찰력을 제공하고 제안을 향상시키는 투자와 혁신에 의해 촉진되었습니다.

무디스는 2024년 10월 22일 오전 11:30 ET에 실적 논의를 위한 전화 회의를 진행할 예정입니다. 웹캐스트와 재생은 무디스 투자자 관계 웹사이트를 통해 접근할 수 있습니다. 미국 및 캐나다(+1-888-596-4144) 및 기타 전화 사용자(+1-646-968-2525)에 대한 다이얼 인 세부정보가 제공되며, 통과 코드 515 6491을 사용해야 합니다. 재생은 2024년 11월 21일까지 가능합니다.

Moody's (NYSE: MCO) a annoncé ses résultats du troisième trimestre 2024 et a fourni un aperçu mis à jour pour l'année complète 2024. L'entreprise a rapporté un rendement record des revenus au T3, que le PDG Rob Fauber attribue au statut de Moody's en tant que Agence de Choix pour les clients et à ses efforts pour garantir la croissance future. L'activité d'analyse a montré une forte croissance des revenus récurrents, soutenue par des investissements et des innovations qui améliorent les offres et fournissent aux clients des informations pour naviguer dans des environnements de risque complexes.

Moody's tiendra une téléconférence le 22 octobre 2024 à 11h30 ET pour discuter des résultats. Le webinaire et sa rediffusion seront accessibles via le site Web des relations avec les investisseurs de Moody's. Les détails d'appel pour les États-Unis et le Canada (+1-888-596-4144) ainsi que pour les autres appelants (+1-646-968-2525) sont fournis, avec le code d'accès 515 6491. Une rediffusion sera disponible jusqu'au 21 novembre 2024.

Moody's (NYSE: MCO) hat seine Ergebnisse für das dritte Quartal 2024 veröffentlicht und einen aktualisierten Ausblick für das gesamte Jahr 2024 gegeben. Das Unternehmen berichtete über eine rekordverdächtige Umsatzentwicklung im dritten Quartal, die CEO Rob Fauber dem Status von Moody's als Agentur der Wahl für Kunden und den Bemühungen zuschreibt, zukünftiges Wachstum sicherzustellen. Das Analysegeschäft zeigte starkes wiederkehrendes Umsatzwachstum, unterstützt durch Investitionen und Innovationen, die das Angebot verbessern und den Kunden Einblicke geben, um komplexe Risikoumgebungen zu navigieren.

Moody's wird am 22. Oktober 2024 um 11:30 Uhr ET eine Telefonkonferenz abhalten, um die Ergebnisse zu besprechen. Der Webcast und die Wiederholung werden über die Website für Investor Relations von Moody's zugänglich sein. Die Einwahldaten für US- und Kanada-Anrufer (+1-888-596-4144) sowie für andere Anrufer (+1-646-968-2525) sind verfügbar, mit dem Zugangscode 515 6491. Eine Wiederholung wird bis zum 21. November 2024 verfügbar sein.

Positive
  • Record-breaking revenue performance in Q3 2024
  • Strong recurring revenue growth in analytics business
  • Investments and innovation enhancing offerings and customer insights
Negative
  • None.

Insights

Moody's 's Q3 2024 results demonstrate robust performance, with the company reporting "record-breaking revenue." This indicates strong financial health and market positioning. The emphasis on "strong recurring revenue growth" in their analytics business is particularly noteworthy, as it suggests a stable and predictable income stream.

Key points to consider:

  • The company's status as the "Agency of Choice" implies a strong competitive position in the credit rating industry.
  • Investments in innovation and enhanced offerings in the analytics business show a forward-looking strategy to adapt to changing market dynamics.
  • The focus on helping customers navigate a "dynamic risk environment" suggests Moody's is well-positioned to capitalize on increasing demand for risk assessment tools.

While specific financial figures are not provided, the overall tone is decidedly positive. Investors should view this as an encouraging sign for Moody's near-term performance and long-term growth prospects in both its ratings and analytics segments.

NEW YORK--(BUSINESS WIRE)-- Moody's Corporation (NYSE: MCO) today announced results for the third quarter 2024, and provided an updated outlook for full year 2024.

The Third Quarter 2024 Earnings Release and other earnings materials can be found on the Moody’s IR website at ir.moodys.com. In addition, the Earnings Release will be furnished with the Securities and Exchange Commission (SEC) on a Form 8-K and will be available on the SEC website at www.sec.gov.

“Moody’s record-breaking revenue performance in the third quarter is a testament to our unwavering status as the Agency of Choice for our customers and our actions to prime the business for durable future growth,” said Rob Fauber, President and Chief Executive Officer of Moody’s. “In parallel, we delivered strong recurring revenue growth in our analytics business, driven by investments and innovation that enhance our offerings and empower our customers with the insights necessary to navigate the complexities of an increasingly dynamic risk environment.”

Teleconference Details:

Date and Time

October 22, 2024, at 11:30 a.m. ET

Webcast

The webcast and its replay can be accessed through Moody’s Investor Relations website, ir.moodys.com within “Events & Presentations”.

Dial In

U.S. and Canada

+1-888-596-4144

Other callers

+1-646-968-2525

Passcode

515 6491

Dial In Replay

A replay will be available immediately after the call on October 22, 2024 and until November 21, 2024.

U.S. and Canada

+1-800-770-2030

Other callers

+1-609-800-9909

Confirmation code

515 6491

For further information, please contact Investor Relations at ir@moodys.com.

ABOUT MOODY’S

In a world shaped by increasingly interconnected risks, Moody’s (NYSE:MCO) data, insights, and innovative technologies help customers develop a holistic view of their world and unlock opportunities. With a rich history of experience in global markets and a diverse workforce of approximately 16,000 across more than 40 countries, Moody’s gives customers the comprehensive perspective needed to act with confidence and thrive.

Shivani Kak

Head of Investor Relations

Investor Relations

+1.212.553.0298

shivani.kak@moodys.com

Michael Adler

Managing Director

Corporate Communications

+1.212.553.4667

michael.adler@moodys.com

Source: Moody’s Corporation Investor Relations

FAQ

What were Moody's (MCO) Q3 2024 financial highlights?

Moody's reported record-breaking revenue performance for Q3 2024, with strong recurring revenue growth in its analytics business. However, specific financial figures were not provided in the press release.

When is Moody's (MCO) Q3 2024 earnings call scheduled?

Moody's Q3 2024 earnings call is scheduled for October 22, 2024, at 11:30 a.m. ET.

How can investors access Moody's (MCO) Q3 2024 earnings materials?

Investors can access Moody's Q3 2024 earnings materials, including the Earnings Release, on the Moody's Investor Relations website at ir.moodys.com.

What factors contributed to Moody's (MCO) strong performance in Q3 2024?

Moody's strong performance in Q3 2024 was attributed to its status as the Agency of Choice for customers, actions to prime the business for future growth, and investments in innovation that enhance offerings and provide customer insights.

Moody's Corporation

NYSE:MCO

MCO Rankings

MCO Latest News

MCO Stock Data

84.94B
182.10M
13.78%
79.6%
0.85%
Financial Data & Stock Exchanges
Services-consumer Credit Reporting, Collection Agencies
Link
United States of America
NEW YORK