Morningstar (MORN) Reports Q3 EPS of $0.77

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Go back to Morningstar (MORN) Reports Q3 EPS of $0.77

Morningstar, Inc. Reports Third-Quarter 2022 Financial Results

October 26, 2022 4:15 PM EDT

CHICAGO, Oct. 26, 2022 /PRNewswire/ -- Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, posted solid third-quarter revenue growth, driven by continued momentum across the license-based areas of the business.

"Growth in our license-based products remains a bright spot as investments in these areas are bearing fruit," said Kunal Kapoor, Morningstar's chief executive officer. "The broad decline in global markets and rising interest rates proved more challenging for our asset- and transaction-based product areas. We are being prudent and moderating hiring activity as we... More