Advertisement
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
Swiss Market Ends Notably Lower
European Stocks Fail To Hold Early Gains, Close Broadly Lower
Canadian Market Slightly Lower; BoM, National Bank Rise On Results
Kingfisher Q1 Sales Rise, Says Confident Of FY25 View; But Stock Down
Bay Street Likely To Open On Mixed Note
FTSE 100 Down Marginally
