Investing.com - Moodys (NYSE:MCO) reported first quarter earnings that beat analysts' expectations on Wednesday and revenue that was inline with forecasts.
The firm reported earnings per share of $2.07 on revenue of $1.14B. Analysts polled by Investing.com forecast EPS of $1.93 on revenue of $1.14B. That compared to EPS of $2.02 on revenue of $1.13B in the same period a year earlier. The company had reported EPS of $1.63 on revenue of $1.06B in the previous quarter.
For the year, Moodys shares are up 34.7%, outperforming the S&P 500 which is up 18.44% year to date.
Moodys follows other major Services sector earnings this month
On Tuesday, Verizon reported first quarter EPS of $1.2 on revenue of $32.13B, compared to forecasts of EPS of $1.17 on revenue of $32.15B.
AT&T earnings matched analyst's expectations on Wednesday, with first quarter EPS of $0.86 on revenue of $44.87B. Investing.com analysts expected EPS of $0.86 on revenue of $45.13B
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