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MSCI tops 3Q profit forecasts

NEW YORK (AP) _ MSCI Inc. (MSCI) on Thursday reported third-quarter profit of $85.2 million.

The New York-based company said it had net income of 93 cents per share. Earnings, adjusted for amortization costs, came to $1 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 97 cents per share.

The maker of software tools to help portfolio managers make investment decisions posted revenue of $322.1 million in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $322.2 million.

MSCI shares have increased 49 percent since the beginning of the year. The stock has climbed 49 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