Tuesday, RiskMetrics Group Inc. (RISK) said its fourth-quarter GAAP net income was $7.60 million or $0.11 per share compared with a net loss of $149.09 million or $2.43 per share in the prior year period.
Adjusted net income for the quarter increased 0.9% to $13.90 million from $13.78 million in the year-ago period. Adjusted earnings per share for the quarter remained flat at $0.20.
On average, 10 analysts polled by Thomson Reuters expected the company to report earnings of $0.10 per share for the quarter.
Total revenues for the quarter rose 1.3% to $76.47 million from $75.49 million in the comparable period. Eight analysts estimated revenues of $75.48 million for the quarter.
The company expects revenue for 2010 to be in the range of $315 million - $325 million. Eight analysts estimate revenues of $316.76 million for the year.
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