NEW YORK (AP) _ MSCI Inc. (MSCI) on Thursday reported second-quarter earnings of $116.8 million.
On a per-share basis, the New York-based company said it had net income of $1.28. Earnings, adjusted for one-time gains and costs, were $1.30 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share.
The maker of software tools to help portfolio managers make investment decisions posted revenue of $363 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $356.5 million.
MSCI shares have risen 29 percent since the beginning of the year. The stock has increased 48 percent in the last 12 months.