MSCI Inc. (MSCI) released a profit for its second quarter that Increased from last year and beat the Street estimates.
The company's earnings came in at $303.65 million, or $3.92 per share. This compares with $266.76 million, or $3.37 per share, last year.
Excluding items, MSCI Inc. reported adjusted earnings of $4.17 per share for the period.
Analysts on average had expected the company to earn $4.14 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 9.1% to $772.68 million from $707.95 million last year.
MSCI Inc. earnings at a glance (GAAP) :
-Earnings: $303.65 Mln. vs. $266.76 Mln. last year.-EPS: $3.92 vs. $3.37 last year.-Revenue: $772.68 Mln vs. $707.95 Mln last year.
Additionally, on July 21, the company's Board has declared a dividend of $1.80 per share for third quarter, payable on August 29, to shareholders of record on August 15.
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