Moody's Q4 Earnings Disappoint, Leadership Changes Announced

Moody's reported lower-than-expected Q4 earnings and revenues, causing a 3% drop in stock value. Despite a 37% increase in bottom line from the previous year, adjusted earnings of $2.19 per share missed estimates. Revenues of $1.48 billion also fell short of expectations. The company's liquidity position was strong, and it expects adjusted earnings for 2024 to be in the range of $10.25-$11.00 per share. Moody's remains well-positioned for growth, but faces challenges from elevated operating expenses and geopolitical concerns.