The company now anticipates operating expenses for 2026 will reach between $1.54 billion and $1.58 billion, a significant upward revision from its prior guidance of $1.49 billion to $1.53 billion. Management attributed the hike to aggressive acquisition activity, including the $120 million purchase of First Street, alongside higher costs linked to the rapid revenue growth driven by recent stock market gains.
In section Market Quotes
MSCI Shares Tumble as Cost Forecasts Climb and Earnings Miss
A 12% drop in premarket trading greeted MSCI investors Tuesday morning after the financial analytics firm reported second-quarter earnings that fell short of analyst expectations. The sell-off erased much of the company's 9% year-to-date gain, as shifting expense projections rattled market confidence in the firm's immediate outlook.
Revenue grew 12% to $867 million during the second quarter, fueled entirely by organic growth. Despite this uptick, the figure failed to meet the $870.7 million consensus target tracked by FactSet. Profitability also tightened, with adjusted earnings settling at $4.94 a share, missing Wall Street projections by five cents.
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