MSCI climbs after Q3 results beat Wall Street estimates
MSCI climbs after Q3 results beat Wall Street estimates ** MSCI's MSCI.N shares rise 5.8% to $596.35 in morning trading after Q3 results
** Index provider reports adj. EPS of $5.11, sailing past Street expectations of $5.02 compiled by LSEG
** Operating revenue rises 12.4% to $892 mln, past est. $885.8 mln
** CEO Henry Fernandez says MSCI posts record asset-based fees for qtr, best-ever Q3 recurring net new sales in Index segment
** "We have seen robust demand for both our traditional and newer solutions" - Fernandez
** MSCI indexes used widely by investors, asset managers to benchmark portfolios, underpin exchange-traded funds
** Stock up ~4% YTD, including session moves
(Reporting by Manya Saini in Bengaluru)
((Manya.Saini@thomsonreuters.com; X: manya__saini;))
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