MSCI Q1 Adj. Eps Tops Estimates, But Revenues Miss

RTTNews | 488 дней спустя
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

Тэгов: MSCI
read more
U.S. Dollar Drops After Powell's Speech

U.S. Dollar Drops After Powell's Speech

The U.S. dollar weakened against its major counterparts in the New York session on Friday, as Federal Reserve Chair Jerome Powell hinted at a potential rate cut next month.
RTTNews | 1 дней спустя
TSX Hits New Record High As Stocks Rally On Fed Rate Cut Hopes

TSX Hits New Record High As Stocks Rally On Fed Rate Cut Hopes

The Canadian market is up firmly in positive territory a little past noon on Friday, with stocks from across several sectors moving higher on strong buying support amid rising hopes of an interest rate cut by the Federal Reserve in September.
RTTNews | 2 дней спустя
Powell Says Outlook, Shifting Balance Of Risks 'May Warrant' Lower Rates

Powell Says Outlook, Shifting Balance Of Risks 'May Warrant' Lower Rates

Federal Reserve Chair Jerome Powell delivered a highly-anticipated speech before the Jackson Hole Economic Symposium on Friday, although he touched only briefly on the outlook for monetary policy. "With policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance," Powell said.
RTTNews | 2 дней спустя
Bay Street Likely To Open On Mixed Note; Powell's Speech Eyed

Bay Street Likely To Open On Mixed Note; Powell's Speech Eyed

Canadian shares are likely to open on a somewhat mixed note Friday morning with investors awaiting Fed Chair Jerome Powell's speech at Jackson Hole. Lower commodity prices may weigh a bit early on in the session.
RTTNews | 2 дней спустя
Sensex, Nifty Snap Six-day Winning Streak On Tariff Concerns

Sensex, Nifty Snap Six-day Winning Streak On Tariff Concerns

Indian shares fell sharply on Friday after a Trump administration official called India the 'Maharaja' of tariffs and ramped up his criticism over the trade ahead of an expected tariff increase on August 27.
RTTNews | 2 дней спустя
FTSE 100 Down Slightly; Standard Chartered Shares Up Sharply

FTSE 100 Down Slightly; Standard Chartered Shares Up Sharply

U.K. stocks are turning in a mixed performance in cautious trade on Friday, amid a lack of fresh triggers. Investors are awaiting Fed Chair Jerome Powell's speech later in the day at the Jackson Hole Symposium, for clues about U.S. central bank's interest rate move next month.
RTTNews | 2 дней спустя
U.S. Dollar Rises Ahead Of Fed's Powell Speech

U.S. Dollar Rises Ahead Of Fed's Powell Speech

The U.S. dollar strengthened against other major currencies in the European session on Friday, as traders expect speech by Fed Chair Jerome Powell at the Jackson Hole Symposium.
RTTNews | 2 дней спустя