NEW YORK (AP) — NEW YORK (AP) — MSCI Inc. (MSCI) on Tuesday reported first-quarter profit of $406 million.
The New York-based company said it had net income of $5.53 per share. Earnings, adjusted for one-time gains and costs, came to $4.55 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $4.40 per share.
The maker of software tools to help portfolio managers make investment decisions posted revenue of $850.8 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $834.3 million.
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