Morningstar (MORN) Misses Q3 EPS by 7c
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Morningstar, Inc. Reports Third-Quarter 2016 Financial Results
October 20, 2016 4:06 PM EDTCHICAGO, Oct. 20, 2016 /PRNewswire/ --Â Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today announced its third-quarter 2016 financial results. The company reported net income of $30.2 million, or 70 cents per diluted share, compared with $33.5 million, or 76 cents per diluted share, in the third quarter of 2015. Â
Key Operating Metrics
Revenue for the quarter was $196.1 million, an increase of 0.4% compared with the same period in 2015. Organic revenue, which excludes acquisitions, divestitures, and the effect of foreign currency translations, rose 1.1%, or $2.2 million. Operating income decreased 4.6% to... More