NEW YORK (AP) _ MSCI Inc. (MSCI) on Thursday reported first-quarter earnings of $115.1 million.
The New York-based company said it had profit of $1.24 per share. Earnings, adjusted for one-time gains and costs, were $1.31 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share.
The maker of software tools to help portfolio managers make investment decisions posted revenue of $351.3 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $350.6 million.
MSCI shares have risen 19 percent since the beginning of the year. The stock has climbed 48 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MSCI at https://www.zacks.com/ap/MSCI