NEW YORK (AP) _ MSCI Inc. (MSCI) on Tuesday reported first-quarter profit of $196.8 million.

The New York-based company said it had profit of $2.36 per share. Earnings, adjusted for one-time gains and costs, came to $2.46 per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.29 per share.

The maker of software tools to help portfolio managers make investment decisions posted revenue of $478.4 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $471.2 million.

MSCI shares have increased 9% since the beginning of the year. The stock has risen 50% 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

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