NEW YORK (AP) _ MSCI Inc. (MSCI) on Tuesday reported first-quarter net income of $228.4 million.

On a per-share basis, the New York-based company said it had net income of $2.78. Earnings, adjusted for one-time gains and costs, were $2.98 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.74 per share.

The maker of software tools to help portfolio managers make investment decisions posted revenue of $559.9 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $559 million.

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