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NEW YORK (AP) — NEW YORK (AP) — MSCI Inc. (MSCI) on Tuesday reported fourth-quarter earnings of $403.4 million.
On a per-share basis, the New York-based company said it had net income of $5.07. Earnings, adjusted for one-time gains and costs, came to $3.68 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3.29 per share.
The maker of software tools to help portfolio managers make investment decisions posted revenue of $690.1 million in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $657.2 million.
For the year, the company reported profit of $1.15 billion, or $14.39 per share. Revenue was reported as $2.53 billion.
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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