Investing.com - Moodys (NYSE:MCO) reported second quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $2.07 on revenue of $1.21B. Analysts polled by Investing.com forecast EPS of $2.01 on revenue of $1.2B. That compared to EPS of $2.04 on revenue of $1.18B in the same period a year earlier. The company had reported EPS of $2.07 on revenue of $1.14B in the previous quarter.
For the year, Moodys shares are up 44.4%, outperforming the S&P 500 which is up 21.65% year to date.
Moodys follows other major Services sector earnings this month
On Thursday, July 25, 2019, Amazon.com reported second quarter EPS of $5.22 on revenue of $63.4B, compared to forecasts of EPS of $5.56 on revenue of $62.52B.
Visa A earnings beat analyst's expectations on Wednesday, July 24, 2019, with third quarter EPS of $1.37 on revenue of $5.84B. Investing.com analysts expected EPS of $1.32 on revenue of $5.7B
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