MSCI Q4 Profit Up 11%, Tops Estimates; Boosts Dividend 10.4%

RTTNews | 836天前
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

read more
FTSE 100 Advances Again

FTSE 100 Advances Again

U.K. stocks are moving higher on Friday as investors continue to cheer the recent tariff agreement between U.S. and China, and news about a positive progress in talks between the EU bloc and U.S. for lowering the tariffs from earlier proposed levels.
RTTNews | 3分钟前
CAC 40 Advances On Easing Trade Tensions

CAC 40 Advances On Easing Trade Tensions

French stocks are up in positive territory on Friday, extending gains from the previous session, amid easing fears of a trade war. Following announcements of U.S.-UK pact, and U.S.-China deal, reports about a positive progress in the EU bloc's discussions with the U.S. for considerable tariff reductions have bolstered investor sentiment.
RTTNews | 31分钟前
DAX Up 0.8%, Looks Set To End Week On Strong Note

DAX Up 0.8%, Looks Set To End Week On Strong Note

German stocks are up firmly in positive territory on Friday, amid easing trade tensions following the U.S.-China deal earlier in the week, and recent reports about a positive progress in the EU bloc's discussions with the U.S. for tariff reductions.
RTTNews | 50分钟前
European Shares Edge Higher In Cautious Trade

European Shares Edge Higher In Cautious Trade

European stocks traded higher on Friday as a slew of weak U.S. economic data suggested the Federal Reserve may have more leeway to cut interest rates later this year.
RTTNews | 1小时39分钟前
Yen Rises Amid Risk-off Mood, BoJ Rate Hike Bets

Yen Rises Amid Risk-off Mood, BoJ Rate Hike Bets

The Japanese yen strengthened against other major currencies in the Asian session on Friday amid risk-off mood, as traders digested the latest settlements on the trade tariff front and remained caution as they awaited more clarity on the developments in trade negotiations with other trade partners.
RTTNews | 2小时4分钟前