Morningstar (MORN) Misses Q3 EPS by 7c
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Morningstar, Inc. Reports Third-Quarter 2015 Financial Results
October 21, 2015 4:02 PM EDTCHICAGO, Oct. 21, 2015 /PRNewswire/ --Â Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today announced its third-quarter 2015 financial results. The company reported net income of $33.5 million, or 76 cents per diluted share, compared with $30.2 million, or 67 cents per diluted share, in the third quarter of 2014.
Key Operating Metrics
Revenue for the quarter was $195.3 million, an increase of 1.1% compared with the same period in 2014. Organic revenue, which excludes the effect of acquisitions, divestitures, and foreign currency translations, rose 4.9%, or $9.5 million. Operating income was $46.2... MoreMorningstar Credit Ratings Assigns Preliminary Ratings to Hudson's Bay Simon JV Trust 2015-HBS, Commercial Mortgage Pass-Through Certificates, Series 2015-HBS (Hudson's Bay Simon JV Trust 2015-HBS)
October 21, 2015 11:30 AM EDTNEW YORK, Oct. 21, 2015 /PRNewswire/ -- Morningstar Credit Ratings, LLC today assigned preliminary ratings to the commercial mortgage-backed securities (CMBS) transaction Hudson's Bay Simon JV Trust 2015-HBS, Commercial Mortgage Pass-Through Certificates, Series 2015-HBS (Hudson's Bay Simon JV Trust 2015-HBS). The collateral supporting Hudson's Bay Simon JV Trust 2015-HBS consists of a single, componentized, fixed- and floating-rate, interest-only mortgage loan secured by the borrower's fee simple and leasehold interests in 34 retail properties. The preliminary ratings are based on information known to Morningstar as of Oct. 21,... More
