Moody's second-quarter adjusted earnings rose +15% from the year-ago quarter to $3.22 per share, which handily surpassed Zacks Consensus Estimate of $2.76.
Revenues grew +8% from the year-ago quarter to $1.55 billion, above Zacks Consensus Estimate of $1.49 billion. Foreign currency tailwinds impacted the top line by 3%.
The company experienced tailwinds in the form of bond issuance volume, that bolstered revenue growth. The company also had a strong liquidity position in the quarter. However, total expenses rose +4% year-over-year to $752 million.