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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.
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