Morningstar, Inc. Reports Second-Quarter 2019 Financial Results
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Morningstar (MORN) Reports Q2 EPS of $0.98 on Revenues of $273.9M
July 25, 2019 5:08 PM EDTMorningstar (NASDAQ: MORN) reported Q2 EPS of $0.98, versus $0.97 reported last year. Revenue for the quarter came in at $273.9 million, versus $252.4 million reported last year.
Second-Quarter Financial Highlights
Revenue increased 8.5% to $273.9 million; organic revenue growth increased 10.0%.Operating income declined 5.2% to $50.8 million.Diluted net income per share increased 1.0% to $0.98, versus $0.97 in the second quarter of 2018. Quarterly results include an increase in stock-based compensation related to the PitchBook management bonus plan and transaction expenses from the recently completed DBRS acquisition, which reduced diluted net income per share by... More