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MSCI beats Street 2Q forecasts

NEW YORK (AP) _ MSCI Inc. (MSCI) on Thursday reported second-quarter net income of $81.3 million.

The New York-based company said it had profit of 89 cents per share. Earnings, adjusted for one-time gains and costs, came to 95 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share.

The maker of software tools to help portfolio managers make investment decisions posted revenue of $316.1 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $312.3 million.

MSCI shares have risen 38 percent since the beginning of the year. The stock has climbed 28 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

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Keywords: MSCI, Earnings Report