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Stock impact report

Morningstar, Inc. Reports First-Quarter 2024 Financial Results [Yahoo! Finance]

Morningstar, Inc. (MORN) 
Company Research Source: Yahoo! Finance
"Morningstar celebrates its 40th anniversary next month," said Kunal Kapoor, Morningstar's chief executive officer. "We're proud of the difference we've made on behalf of investors, the long-term returns we have delivered for our shareholders, and the distinctive workplace we've built for our colleagues. With a strong start to 2024, we remain focused on our goal of generating durable, long-term growth." The Company's quarterly shareholder letter provides more context on its quarterly results and business and can be found at shareholders.morningstar.com. First-Quarter 2024 Financial Highlights Reported revenue increased 13.2% to $542.8 million compared to the prior-year period; organic revenue grew 12.9%. Reported operating income increased to $92.6 million from $24.5 million; adjusted operating income increased 113.9%. Diluted net income (loss) per share increased to $1.49 versus $(0.18); adjusted diluted net income per share increased 208.9% to $1.73. Cash provided by op Show less Read more
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