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MSCI: Q2 Earnings Snapshot
By AP News - Jul 25, 2023, 07:06 AM ET
Last Updated - Jul 25, 2023, 07:06 AM EDT
NEW YORK (AP) — NEW YORK (AP) — MSCI Inc. (MSCI) on Tuesday reported second-quarter net income of $246.8 million.
On a per-share basis, the New York-based company said it had net income of $3.09. Earnings, adjusted for amortization costs, were $3.26 per share.
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The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3.12 per share.
The maker of software tools to help portfolio managers make investment decisions posted revenue of $621.2 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $604.7 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a MSCI">Zacks stock report on MSCI at https://www.zacks.com/ap/MSCI
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