Revenue Update on Morningstar(NASDAQ:MORN)

Morningstar(NASDAQ:MORN) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 21, 2016. Company reported revenue of $198.20M. Analysts estimated a revenue of $202.10M. Earnings per share were $0.73. Analysts had estimated an EPS of $0.73.

Morningstar (MORN) made into the market gainers list on Wednesdays trading session with the shares advancing 0.42% or 0.35 points. Due to strong positive momentum, the stock ended at $84.03, which is also near the day’s high of $84.41. The stock began the session at $83.23 and the volume stood at 91,615 shares. The 52-week high of the shares is $89.44 and the 52 week low is $74.78. The company has a current market capitalization of $3,606 M and it has 4,29,11,386 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 17, 2016, Bevin Desmond (Head of Global Markets & HR) sold 114 shares at $81.99 per share price.Also, On Apr 28, 2016, Paul W Sturm (director) sold 2,542 shares at $84.15 per share price.On Apr 27, 2016, Gail S Landis (director) sold 782 shares at $83.88 per share price, according to the Form-4 filing with the securities and exchange commission.

Morningstar Inc. is a provider of independent investment research in North America Europe Australia and Asia. The Company offers a line of products and services for financial advisors asset managers retirement plan providers and sponsors and individual investors. In addition to its United States-based products and services it offers local versions of its products designed for investors in Asia Australia Canada Europe Latin America and South Africa. Morningstar serves approximately 250000 financial advisors 1700 asset management firms 24 retirement plan providers 290000 retirement plan sponsors and 9.9 million individual investors. The Company has operations in 27 countries. As of December 31 2014 the Company provided data on approximately 500000 investments including mutual funds stocks exchange-traded funds (ETFs) closed-end funds separate accounts and variable annuities.

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