Moody's Corp (NYSE:MCO) shares are trading lower Monday after the company reported worse-than-expected financial results and issued guidance below analyst estimates.
Moody's said first-quarter revenue declined 5% year-over-year to $1.5 billion, which came in below the $1.51 billion estimate. The company reported quarterly earnings of $2.89 per share, which came in below the estimate of $2.90 per share.
