MSCI beats by $0.15, reports revs in-line; provides adj. EBITDA guidance (139.23)
Reports Q4 (Dec) earnings of $1.15 per share, excluding non-recurring items, $0.15 better than the Capital IQ Consensus of $1.00; revenues rose 14.3% year/year to $334.8 mln vs the $333.68 mln Capital IQ Consensus.
14.3% increase in operating revenues to $334.8 million for fourth quarter 2017.
FY18 Guidance:
Adjusted EBITDA expenses are expected to be in the range of $645 million to $665 million
Net cash provided by operating activities and free cash flow is expected to be in the range of $490 million to $540 million and $440 million to $500 million, respectively.
The effective tax rate is expected to be in the range of 21% to 24%.