Morningstar (MORN) Reports Q1 EPS of $0.77
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Morningstar, Inc. Reports First-Quarter 2019 Financial Results
April 24, 2019 4:40 PM EDTCHICAGO, April 24, 2019 /PRNewswire/ -- Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today announced first-quarter 2019 financial results. Reported results reflect continued growth and momentum in licensed-based revenue and strong cash flow generation.
First-Quarter Financial Highlights
Revenue increased 6.3% to $258.9 million; organic revenue growth increased 8.3%. Operating income rose 4.2% to $49.5 million. Diluted net income per share decreased 21.4% to $0.77, versus $0.98 in the first quarter of 2018. Results included an increase in stock-based compensation, due primarily to the achievement of incentive targets under the PitchBook... More