Morningstar (MORN) Reports Q4 EPS of $0.99, Revenues Beat

Morningstar (NASDAQ: MORN) reported Q4 EPS of $0.99, versus $0.91 reported last year. Revenue for the quarter came in at $262.7 million versus the consensus estimate of $229.2 million.

• Revenue increased 8.1% to $262.7 million; organic revenue growth was 8.7%.
• Operating income rose 15.7% to $49.3 million.
• Diluted net income per share rose 8.8% to $0.99, versus $0.91 in the fourth quarter of 2017.

"Morningstar reached a significant milestone in 2018, surpassing $1 billion in revenue for the first time," said Kunal Kapoor, Morningstar's chief executive officer. "This achievement resulted from putting investors first and providing exceptional experiences that support better investor outcomes. While the late 2018 downturn in global markets impacted net flows and asset growth in Morningstar Managed Portfolios, we experienced record flows into the ETFs built on Morningstar Indexes. We believe the diversity of our offerings and strength of our balance sheet allowed us to mitigate the impact of market fluctuations so that we can continue to focus on building products and delivering services that empower investor success."

For earnings history and earnings-related data on Morningstar (MORN) click here.

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