NEW YORK (AP) _ MSCI Inc. (MSCI) on Thursday reported fourth-quarter net income of $156.2 million.

On a per-share basis, the New York-based company said it had profit of $1.87. Earnings, adjusted for one-time gains and costs, were $1.96 per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.98 per share.

The maker of software tools to help portfolio managers make investment decisions posted revenue of $443.7 million in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $445.9 million.

For the year, the company reported profit of $601.8 million, or $7.12 per share. Revenue was reported as $1.7 billion.

MSCI shares have dropped 12% since the beginning of the year. The stock has climbed 44% 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

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News