NEW YORK (AP) _ MSCI Inc. (MSCI) on Tuesday reported second-quarter profit of $115.1 million.

The New York-based company said it had profit of $1.36 per share. Earnings, adjusted for non-recurring costs, were $1.77 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.70 per share.

The maker of software tools to help portfolio managers make investment decisions posted revenue of $409.6 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $411.9 million.

MSCI shares have climbed 53% since the beginning of the year. The stock has risen 70% 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