FX.co ★ MSCI Inc. Q4 Profit Decreases, But Beats Estimates

MSCI Inc. announced its fourth-quarter earnings, which, while lower than the previous year's results, surpassed Wall Street predictions. The firm recorded a net income of $305.515 million or $3.90 per share, compared to $403.380 million or $5.07 per share in the prior year. When excluding certain items, MSCI reported an adjusted net income of $327.347 million, or $4.18 per share. This exceeded the consensus expectation from analysts, who had predicted earnings of $3.95 per share, not accounting for special items.

Revenue for the quarter increased by 7.7%, reaching $743.509 million, up from $690.106 million from the same quarter last year.

Key financial highlights according to Generally Accepted Accounting Principles (GAAP) for MSCI Inc. are as follows:

- Earnings: $305.515 million compared to $403.380 million in the previous year.

- Earnings Per Share (EPS): $3.90, down from $5.07 last year.

- Revenue: $743.509 million against last year's $690.106 million.

On January 28, the MSCI Board announced a 12.5% increase in the quarterly cash dividend, raising it to $1.80 per share. Shareholders recorded by February 14 will receive this dividend on February 28.

Looking forward, the company projects its capital expenditures for the full year to be between $115 million and $125 million.