Morningstar (MORN) Reports Q2 EPS of $0.97, Revenues Beat
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Morningstar, Inc. Reports Second-Quarter 2018 Financial Results
July 25, 2018 4:15 PM EDTCHICAGO, July 25, 2018 /PRNewswire/ --Â Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today announced its second-quarter 2018 financial results. Reported results reflect ongoing momentum highlighted by strong growth in revenue, profit, and cash flow in the quarter.
Second-Quarter Financial Highlights
Revenue increased 10.1% to $252.4 million; organic revenue growth was 9.6%. Operating income increased 16.6% to $53.6 million. Diluted net income per share decreased 9.3% to $0.97 compared to $1.07 in the second quarter of 2017. The prior year period includes a benefit of $0.42 per diluted share from the sale of HelloWallet.... More