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News Watch
MSCI Profit Drops 6% After $6.9 Million Charge - 10/17/2008 2:15:28 PM

Today, analytics and investment products provider, MSCI Inc. (NYSE:MXB), that went public in November of 2007, announced its 2Q fiscal results. Net income fell 6%, for the period ending May 31, to $18.6 million, or $0.18 a share, from $19.9 million, or $0.24 a share, a year ago, when the company was still privately held. When the company went private the board of directors approved restricted stock options for the employees, incurring a $6.9 million charge taken from this quarters profits. Operating revenue for the period increased 22% to $108.2 million.


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