MSCI Inc. Q2 Profit Increases, Beats Estimates

(RTTNews) - MSCI Inc. (MSCI) announced a profit for its second quarter that increased from last year and beat the Street estimates.

The company's bottom line totaled $266.76 million, or $3.37 per share. This compares with $246.83 million, or $3.09 per share, in last year's second quarter.

Excluding items, MSCI Inc. reported adjusted earnings of $288.84 million or $3.64 per share for the period.

Analysts on average had expected the company to earn $3.55 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 14.0% to $707.95 million from $621.16 million last year.

MSCI Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $266.76 Mln. vs. $246.83 Mln. last year. -EPS (Q2): $3.37 vs. $3.09 last year. -Revenue (Q2): $707.95 Mln vs. $621.16 Mln last year.