MSCI Q1 Earnings Beat, Recurring Subscriptions Rise Y/Y

MSCI Inc.'s (MSCI) first-quarter 2024 adjusted earnings of $3.52 per share beat the Zacks Consensus Estimate by 2.33% and increased 12.1% year over year. Revenues increased 14.8% year over year to$ 680 million but missed the consensus mark by 0.38%. Organic revenues increased 10.3% year over year. Recurring subscriptions of $513.1 million increased 15.2% year over year and accounted for 75% of revenues. Asset-based fees of$ 150.3 million increased 12.9% year over year and contributed 21% of revenues. Non-re ...