MSCI Q1 Adj. Eps Tops Estimates, But Revenues Miss

RTTNews | 928 hari yang lalu
Stocktwits
MSCI Q1 Adj. Eps Tops Estimates, But Revenues Miss

(RTTNews) - MSCI, Inc. (MSCI) reported Tuesday that fourth-quarter net income grew to $255.95 million or $3.22 per share from $238.73 million or $2.97 per share in the prior-year quarter.

Excluding special items, adjusted earnings were $3.52 per share, compared to $3.14 per share in the prior-year quarter.

On average, 13 analysts polled by Thomson Reuters expected the company to report earnings of $3.45 per share for the quarter. Analysts' estimates typically exclude special items.

Operating revenues for the quarter increased 14.8 percent to $679.97 million from $592.22 million in the same quarter last year. Organic operating revenue growth was 10.3 percent. Wall Street expected revenues of $684.13 million for the quarter.

On Monday, the MSCI Board of Directors declared a cash dividend of $1.60 per share for second quarter 2023, payable on May 31, 2024 to shareholders of record as of the close of trading on May 17, 2024.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tag: MSCI
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