Stock Pick Alert - Moody's (NYSE:MCO) lifts Guidance

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Moody's Corporation (NYSE:MCO) fell 1.50% to $24.27 despite Moody's Corp. reported a better-than-expected 11% decline in third-quarter profit on a surprise climb in revenue.

Its third-quarter profit dipped to $100.6 million, or 42 cents a share, compared to $113 million, or 46 cents a share a year ago. Revenue climbed to $451.8 million from $433.4 million last year. Analysts polled by FactSet Research had expected the company to earn 38 cents a share.

Moody’s Corporation (Moody’s) is a provider of credit ratings and related research, data and analytical tools, quantitative credit risk measures, risk scoring software, and credit portfolio management solutions and securities pricing software and valuation models.

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