NEW YORK (AP) — NEW YORK (AP) — MSCI Inc. (MSCI) on Tuesday reported second-quarter profit of $266.8 million.
The New York-based company said it had net income of $3.37 per share. Earnings, adjusted for one-time gains and costs, were $3.64 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $3.56 per share.
The maker of software tools to help portfolio managers make investment decisions posted revenue of $707.9 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $697.7 million.
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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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