Morningstar (MORN) Reports Q1 EPS of $0.42

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Go back to Morningstar (MORN) Reports Q1 EPS of $0.42

Morningstar, Inc. Reports First-Quarter 2017 Financial Results

April 21, 2017 4:07 PM EDT

CHICAGO, April 21, 2017 /PRNewswire/ -- Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today announced its first-quarter 2017 financial results. The company reported net income of $18.0 million, or 42 cents per diluted share, compared with $28.7 million, or 67 cents per diluted share, in the first quarter of 2016.  

Key Operating Metrics

Revenue for the quarter was $209.5 million, an increase of 9.1% compared with the same period in 2016. PitchBook Data (PitchBook), which Morningstar acquired in December 2016, contributed $13.1 million of revenue in the first quarter. Organic revenue, which excludes acquisitions, divestitures, and the effect of... More