MSCI IncMSCI's Q2 revenue rose 12.2% but was in line with estimates, marking the weakest performance against estimates among peers, and stock dropped 8.5%.
MSCI reported second-quarter revenues of $867 million, up 12.2% year over year, in line with analyst expectations but marking the weakest performance against estimates among its peers. The stock has fallen 8.5% since the report and currently trades at $572.27. Among the ten financial exchanges and data stocks tracked, Morningstar posted the best quarter with revenues of $663.2 million, up 9.6% and beating estimates by 2.2%, while S&P Global was the weakest with revenues of $4.15 billion, up 10.4% but issuing full-year EPS guidance slightly below expectations. Nasdaq and Moody's also beat estimates, with Moody's achieving the biggest beat and fastest revenue growth of the group at 15.1%.
MSCI IncMSCI's Q2 revenue rose 12.2% but was in line with estimates, marking the weakest performance against estimates among peers, and stock dropped 8.5%.
Morningstar IncMorningstar posted the best quarter with revenues up 9.6% and beating estimates by 2.2%.
Moodys CorporationMoody's beat estimates and had the fastest revenue growth of the group at 15.1%.
S&P Global IncS&P Global was the weakest with revenues up 10.4% but issuing full-year EPS guidance slightly below expectations.
Nasdaq IncNasdaq beat estimates, as mentioned in the article.