Yahoo Finance MSCI: 3Q Earnings Snapshot
NEW YORK (AP) _ MSCI Inc. (MSCI) on Thursday reported third-quarter profit of $137 million.
On a per-share basis, the New York-based company said it had profit of $1.60. Earnings, adjusted for one-time gains and costs, came to $1.68 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.59 per share.
The maker of software tools to help portfolio managers make investment decisions posted revenue of $394.3 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $388.4 million.
MSCI shares have climbed 55% since the beginning of the year. The stock has increased 58% 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
