MSCI Shares Rise 5% After Q3 Revenue and Adjusted EPS Beat Estimates
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MSCI shares rose 5% to $591.69 at the Oct. 20 close, 4 p.m. ET (20:00 UTC), after the index and analytics provider posted third-quarter revenue and adjusted earnings per share above analyst estimates. The stock gained $28.20 from the previous session. Revenue for the three months ended Sept. 30 increased 12.4% from a year earlier to $892 million. Adjusted earnings per share rose 14.3% to $5.11. Free cash flow declined 8.9% to $385.4 million from $423.2 million a year earlier. MSCI defines the non-GAAP measure as net cash provided by operating activities less capital expenditures and capitalized software development costs.
Source: TokenPost
