Moody's on Thursday beat Wall Street estimates for first-quarter profit, helped by demand for its research and analytics products. The New York-based company recorded robust sales of its products including CreditView. WHY IT'S IMPORTANT With growing expectations of the U.S. avoiding a recession, investors are increasingly spending more on analytics and data-related products to enable better investment decisions. ALSO READ: Moody's Analytics projects India's economy to expand by 6.1% in 2024 This trend bodes well for Moody's and its peers.