Morningstar (MORN) Reports Q2 EPS of $0.98 on Revenues of $273.9M
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Morningstar, Inc. Reports Second-Quarter 2019 Financial Results
July 25, 2019 4:15 PM EDTCHICAGO, July 25, 2019 /PRNewswire/ -- Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today announced second-quarter 2019 financial results. Reported results reflect solid revenue growth across the company, supporting strong free cash flow generation.
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... More