MSCI Posts 3Q EPS of $4.86
MSCI sits 20% above its 52-week low of $501.08 on elevated volume (2.0× avg).
Summary
MSCI reported third-quarter EPS of $4.86 per share, per the Dow Jones wire flash, and net income of $351M. The accompanying 8-K filed this morning puts Q3 revenue at $892.0M, up 12.4%, with adjusted EPS of $5.11, up 14.3%, and record asset-based fees. Note the gap: the $4.86 headline figure is GAAP EPS, while the $5.11 is adjusted, so the two are not directly comparable. The print extends the double-digit growth trend from Q2, when revenue was $867M and EPS $4.69, and asset-based fees remain the driver. The release lands after a busy stretch of index-policy news, including the October 15 rules restricting non-operating companies and the Indonesia reclassification consultation.
At the time of this announcement, MSCI was trading at $600.00 on NYSE in the Finance sector, with a market capitalization of approximately $41B. The 52-week trading range was $501.08 to $644.77. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.