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MSCI: 2Q Earnings Snapshot

Associated Press
Updated

NEW YORK (AP) _ MSCI Inc. (MSCI) on Thursday reported second-quarter earnings of $125.7 million.

On a per-share basis, the New York-based company said it had net income of $1.47. Earnings, adjusted for amortization costs, were $1.54 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.49 per share.

The maker of software tools to help portfolio managers make investment decisions posted revenue of $385.6 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $381.5 million.

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MSCI shares have increased 54% since the beginning of the year. The stock has increased 37% 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