Morningstar (MORN) Tops Q1 EPS by 3c

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Go back to Morningstar (MORN) Tops Q1 EPS by 3c

Morningstar, Inc. Reports Second-Quarter 2015 Financial Results

July 22, 2015 4:02 PM EDT

CHICAGO, July 22, 2015 /PRNewswire/ -- Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today announced its second-quarter 2015 financial results.

The company reported net income of $32.2 million, or 72 cents per diluted share, compared with net loss of $9.8 million, or 22 cents per diluted share, in the second quarter of 2014. The year-ago loss reflects a non-recurring expense of $61.0 millionapproximately $38.2 million after taxes, or 85 cents per sharerelated to a previously announced litigation settlement. 

Key Operating Metrics

Revenue for the quarter was $202.1 million, an increase of 6.7% compared... More