Shares of Moody’s fell after the company logged lower earnings and revenue in the fourth quarter than analysts had been expecting.
The New York credit-ratings and research firm posted adjusted earnings, which strip out one-time items, of $2.19 a share for the fourth quarter. Analysts had been projecting $2.33 a share, according to FactSet.
Quarterly revenue jumped 15% from a year ago to $1.48 billion but was shy of forecasts for $1.49 billion, according to FactSet.