MSCI, Inc. (MSCI) Tops Q3 EPS by 1c, Reaffirms Guidance

MSCI, Inc. (NYSE: MSCI) reported Q3 EPS of $0.50, $0.01 better than the analyst estimate of $0.49. Revenue for the quarter came in at $251.7 million versus the consensus estimate of $252.73 million.

MSCI’s forward looking guidance for fiscal year 2014 remains unchanged from the previous guidance.

• Full year 2014 Adjusted EBITDA Expenses, which include all operating expenses except amortization of intangible assets and depreciation and amortization of property, equipment and leasehold improvements, are expected to be in the range of $595 million to $605 million. (See Table 13 titled “Reconciliation of Adjusted EBITDA Expenses to Operating Expenses (unaudited)” and “Notes Regarding the Use of Non-GAAP Financial Measures”.)
• The effective tax rate for full year 2014 is expected to be approximately 36%.
• Full year 2014 capital expenditures, including software capitalization, are expected to be in the range of $50 million to $55 million.
• Full year 2014 cash flow from operations is expected to be in the range of $275 million to $325 million.
• Annual rate of Adjusted EBITDA Expenses growth is expected to decline in 2015 versus the 17-19% growth implied by our 2014 Adjusted EBITDA Expenses guidance.

For earnings history and earnings-related data on MSCI, Inc. (MSCI) click here.

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