Morningstar (MORN) Reports Q2 EPS of $1.07

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Go back to Morningstar (MORN) Reports Q2 EPS of $1.07

Morningstar, Inc. Reports Second-Quarter 2017 Financial Results

July 25, 2017 4:05 PM EDT

CHICAGO, July 25, 2017 /PRNewswire/ -- Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today announced its second-quarter 2017 financial results. The company reported net income of $46.1 million, or $1.07 per diluted share, compared with $31.8 million, or 73 cents per diluted share, in the second quarter of 2016. Net income for the quarter includes a noncash after-tax gain of $18.0 million, or 42 cents per share, in connection with the company's previously announced sale of HelloWallet, an online financial wellness business.

Key Operating Metrics

Revenue for the quarter was $229.2 million, an increase... More