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Here's Why Moody's (MCO) Stock is Down Today

NEW YORK (TheStreet) -- Shares of Moody's (MCO - Get Report) are dropping by 3.62% to $95.51 on heavy trading volume late Friday afternoon, after the company posted its 2016 first quarter results and providing a downbeat forecast for the year.

Before the market open, the New York-based credit ratings company reported earnings of 93 cents per share, which fell short of analysts' expectations of $1.06 per share.

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Revenue dropped by...