MSCI Inc. Q3 Profit Increases, beats estimates

(RTTNews) - MSCI Inc. (MSCI) announced earnings for its third quarter that increased from last year and beat the Street estimates.

The company's earnings totaled $216.59 million, or $2.68 per share. This compares with $169.88 million, or $2.03 per share, in last year's third quarter.

Excluding items, MSCI Inc. reported adjusted earnings of $230.79 million or $2.85 per share for the period.

Analysts on average had expected the company to earn $2.71 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.4% to $560.64 million from $517.10 million last year.

MSCI Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $216.59 Mln. vs. $169.88 Mln. last year. -EPS (Q3): $2.68 vs. $2.03 last year. -Analyst Estimate: $2.71 -Revenue (Q3): $560.64 Mln vs. $517.10 Mln last year.