MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, November 1, 2007 Morningstar's Q3 Net Rises 47 Percent Morningstar earned $19.9 million in the third quarter, or 41 cents per share, up 47 percent from $13.5 million, or 29 cents per share, in the year-ago period. The third quarter results which came from the Chicago-based firm on Thursday morning beat analyst predictions. According to Reuters Estimates, the average earnings forecast for Morningstar was 39 cents per share. Consolidated revenue came in at $111.9 million, representing a 37-percent rise from $81.8 million in the same period last year. In a news release, Morningstar chairman and chief executive Joe Mansueto said the firm's investment consulting business is the biggest contributor to revenue growth, followed by the Morningstar Advice Workstation product. Printed from: MFWire.com/story.asp?s=16306 Copyright 2007, InvestmentWires, Inc. All Rights Reserved |