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MSCI: 1Q Earnings Snapshot

MSCI: 1Q Earnings Snapshot

Associated Press

NEW YORK (AP) _ MSCI Inc. (MSCI) on Thursday reported first-quarter net income of $178.2 million.

The New York-based company said it had net income of $2.08 per share. Earnings, adjusted for one-time gains and costs, were $1.55 per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.41 per share.

The maker of software tools to help portfolio managers make investment decisions posted revenue of $371.4 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $369.7 million.

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MSCI shares have risen 51% since the beginning of the year. The stock has increased 48% 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