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Moody's slips after forecast fails to meet lofty expectations



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** Shares of ratings agency Moody's MCO.N fall as much as 4.6%, last down 3.6% at $469.51

** William Blair says it would not be surprised if the market's reaction is more muted given MCO's implied Q4 outlook is largely in-line with its expectation and Street consensus

** MCO now expects annual adjusted profit per share between $11.90 and $12.10, higher than its prior forecast of $11 to $11.40

** William Blair says MCO's revised annual profit forecast implies Q4 adjusted profit of $2.15/shr, compared with the brokerage's expectation of $2.17/shr

** Investor expectations were elevated into the earnings, as evidenced by strong recent share performance - William Blair

** Says MCO shares could take a breather in the very near-term in light of increasingly difficult prior-year comparisons and elevated macroeconomic and geopolitical uncertainty

** As of last close, MCO shares were up 24.7% YTD



Reporting by Arasu Kannagi Basil in Bengaluru

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