MSCI Q4 Profit Up 11%, Tops Estimates; Boosts Dividend 10.4%
(RTTNews) - MSCI, Inc. (MSCI) reported Tuesday that fourth-quarter net income grew to $214.97 million or $2.67 per share from $193.86 million or $2.32 per share in the prior-year quarter.
Excluding special items, adjusted earnings were $2.84 per share, compared to $2.51 per share in the prior-year quarter.
On average, 12 analysts polled by Thomson Reuters expected the company to report earnings of $2.76 per share for the quarter. Analysts' estimates typically exclude special items.
Operating revenues for the quarter increased 4.8 percent to $576.21 million from $549.84 million in the same quarter last year. Organic operating revenue growth was 6.8 percent. Wall Street expected revenues of $568.46 million for the quarter.
On Monday, the MSCI Board of Directors declared a 10.4 percent higher cash dividend of $1.38 per share for first quarter 2023, payable on February 28, 2023 to shareholders of record as of the close of trading on February 17, 2023.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
MSCI Q1 Adj. Eps Tops Estimates, But Revenues Miss
U.S. Consumer Confidence Index Edges Lower In August
U.S. Durable Goods Orders Slump 2.8% In July, Much Less Than Expected
Bay Street May Open On Weak Note
U.S. Durable Goods Orders Tumble Less Than Expected In July
FTSE 100 Modestly Lower
CAC Down Sharply On Widespread Selling
