WASHINGTON (dpa-AFX) - MSCI Inc. (MSCI) revealed a profit for its third quarter that increased from last year and beat the Street estimates.
The company's bottom line totaled $280.90 million, or $3.57 per share. This compares with $259.66 million, or $3.27 per share, in last year's third quarter.
Excluding items, MSCI Inc. reported adjusted earnings of $303.85 million or $3.86 per share for the period.
Analysts on average had expected the company to earn $3.77 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 15.9% to $724.71 million from $625.44 million last year.
MSCI Inc. earnings at a glance (GAAP) :
-Earnings (Q3): $280.90 Mln. vs. $259.66 Mln. last year. -EPS (Q3): $3.57 vs. $3.27 last year. -Revenue (Q3): $724.71 Mln vs. $625.44 Mln last year.
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