NEW YORK (AP) _ MSCI Inc. (MSCI) on Tuesday reported first-quarter earnings of $148.1 million.

The New York-based company said it had net income of $1.73 per share. Earnings, adjusted for one-time gains and costs, were $1.90 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.68 per share.

The maker of software tools to help portfolio managers make investment decisions posted revenue of $416.8 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $420.8 million.

MSCI shares have risen 28% since the beginning of the year. The stock has increased 49% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MSCI at https://www.zacks.com/ap/MSCI

Automated Insights, source Associated Press News