MSCI and LKQ Are the S&P 500’s Leading Decliners Tuesday. Here’s Why.
MSCI an investment support tool company, and LKQ a distributor of vehicle products, were the two top declining stocks in the Tuesday following disappointing financial reports. MSCI reported first-quarter adjusted earnings of $3.52 a share on Tuesday, which was above the estimates of analysts surveyed by FactSet of $3.47 a share. “ MSCI first-quarter financial results affirm that we can deliver solid earnings amid continued operating environment challenges,” Chief Executive Henry Fernandez said in the earnings release.