MSCI Q2 Earnings Beat, Recurring Subscriptions Rise Y/Y

MSCI Inc.’s (MSCI) second-quarter 2024 adjusted earnings of $3.64 per share beat the Zacks Consensus Estimate by 2.25% and increased 11.7% year over year.Revenues increased 14% year over year to$ 708 million, beating the consensus mark by 1.48%. Organic revenues increased 9.7% year over year.Recurring subscriptions of $521.5 million increased 14.4% year over year and contributed 73.7% to revenues. Asset-based fees of$ 163.3 million increased 18.2% year over year and contributed 23.1% to revenues. Non-recur ...