MSCI Inc Raised FY23 Capex Guid To $80M-$90M, From Prior $75M-$85M; Reiterated Free Cash Flow Of $1.06B-$1.12B
Portfolio Pulse from Benzinga Newsdesk
MSCI Inc has increased its FY23 capital expenditure guidance to $80M-$90M, up from the previous $75M-$85M. The company has reiterated its free cash flow guidance of $1.06B-$1.12B for the same period.
July 25, 2023 | 10:50 am
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POSITIVE IMPACT
MSCI Inc has raised its FY23 capital expenditure guidance, which could indicate planned investments or expansions. The maintained free cash flow guidance suggests stable operational efficiency.
Raising capital expenditure guidance often signals a company's plans for investment or expansion, which can be a positive sign for investors. Maintaining free cash flow guidance suggests the company expects to maintain its operational efficiency, which is also a positive signal. Therefore, this news could potentially have a positive impact on MSCI's stock price in the short term.
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RELEVANCE 100