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MSCI beats Street 4Q forecasts

NEW YORK (AP) _ MSCI Inc. (MSCI) on Thursday reported fourth-quarter earnings of $64.6 million.

The New York-based company said it had profit of 70 cents per share. Earnings, adjusted for pretax expenses and amortization costs, were $1.15 per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 99 cents per share.

The maker of software tools to help portfolio managers make investment decisions posted revenue of $334.8 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $331.8 million.

For the year, the company reported profit of $304 million, or $3.31 per share. Revenue was reported as $1.27 billion.

MSCI shares have increased 10 percent since the beginning of the year. The stock has increased 68 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