NEW YORK (AP) — NEW YORK (AP) — MSCI Inc. (MSCI) on Tuesday reported first-quarter profit of $406 million.

The New York-based company said it had net income of $5.53 per share. Earnings, adjusted for one-time gains and costs, came to $4.55 per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $4.40 per share.

The maker of software tools to help portfolio managers make investment decisions posted revenue of $850.8 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $834.3 million.

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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