MSCI beats by $0.05, reports revs in-line; maintains FY 2018 guidance for adj. EBITDA of $645-665 mln
- Reports Q1 (Mar) earnings of $1.31 per share, excluding non-recurring items, $0.05 better than the Capital IQ Consensus of $1.26; revenues rose 16.6% year/year to $351.32 mln vs the $349.01 mln Capital IQ Consensus.
- Operating revenues for first quarter 2018 increased $38.5 million, or 23.5%, to $201.9 million, compared to $163.4 million for first quarter 2017. The $38.5 millionincrease was primarily driven by a $28.0 million, or 48.6%, increase in asset-based fees, and an $11.0 million, or 10.8%, increase in recurring subscriptions.