MSCI (NYSE: MSCI) reported Q4 EPS of $1.67, $0.07 better than the analyst estimate of $1.60. Revenue for the quarter came in at $406.6 million versus the consensus estimate of $402.07 million.

Full-Year 2020 Guidance

MSCI's guidance for 2020 is based on assumptions about a number of macroeconomic and capital market factors, in particular related to equity markets. These assumptions are subject to uncertainty, and actual results for the year could differ materially from our current guidance.

• Operating expense is expected to be in the range of $840 million to $860 million.
• Adjusted EBITDA expense is expected to be in the range of $750 million to $770 million.
• Interest expense, including the amortization of financing fees, is expected to be approximately $158 million.
• Depreciation and amortization expense is expected to be approximately $90 million.
• The effective tax rate is expected to be in the range of 19% to 22%.
• Capex is expected to be in the range of $60 million to $70 million.
• Net cash provided by operating activities and free cash flow are expected to be in the ranges of $650 million to $700 million and $580 million to $640 million, respectively.

On January 29, 2020, the Board authorized the Company to opportunistically explore financing options, the proceeds of which could be used to refinance existing debt. Such a financing could marginally increase the Company's leverage ratio and interest expense. Any potential financing is subject to market and other conditions, and there can be no assurance as to the timing or certainty of a transaction.

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