NEW YORK (AP) — NEW YORK (AP) — MSCI Inc. (MSCI) on Wednesday reported fourth-quarter net income of $284.7 million.
On a per-share basis, the New York-based company said it had profit of $3.81. Earnings, adjusted for pretax expenses and amortization costs, came to $4.66 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $4.62 per share.
The maker of software tools to help portfolio managers make investment decisions posted revenue of $822.5 million in the period, matching Street forecasts.
For the year, the company reported profit of $1.2 billion, or $15.69 per share. Revenue was reported as $3.13 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
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