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MSCI: 1Q Earnings Snapshot

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.

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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