morningstar inc (MORN) Key Developments
Equity Research North America Presents at Morningstar Management Behind the Moat Conference, Sep-17-2014 08:15 AM
Sep 15 14
Equity Research North America Presents at Morningstar Management Behind the Moat Conference, Sep-17-2014 08:15 AM. Venue: Global Headquarters, Chicago, Illinois, United States. Speakers: Elizabeth Collins, CFA, Joe Mansueto, CEO.
Morningstar Inc. Presents at Morningstar Management Behind the Moat Conference, Sep-17-2014 10:25 AM
Sep 15 14
Morningstar Inc. Presents at Morningstar Management Behind the Moat Conference, Sep-17-2014 10:25 AM. Venue: Global Headquarters, Chicago, Illinois, United States. Speakers: Warren Miller, CFA, VP of Quantitative Research.
Redtail Technology Inc. and Morningstar Work Together to Simplify Advisor Practice Through Redtail's Enhanced CRM User Interface
Sep 8 14
Redtail Technology and Morningstar Inc. are working together to simplify an advisor's practice by providing seamless access to Morningstar's proprietary research and analytics directly within a new Redtail user interface that will launch in the fourth quarter. In addition to integrated Morningstar reports, analytics, and data, the new Redtail CRM user interface offers enhancements to key features: improved Calendar functionality, both at the contact and database user level; more precise and user-friendly Advanced Search; note formatting and commenting capabilities; a new Automations engine that helps users manage daily activities and processes more efficiently; and a new Projects feature with a revamped, advanced workflow management system. Redtail CRM subscribers who upgrade to the new version will be able to conduct critical research and stay abreast of timely market information from Morningstar. Without leaving the Redtail platform, subscribers may view: the Morningstar(R) Report, an on-screen research report for mutual funds, stocks, closed-end funds, and exchange-traded funds; and Morningstar market-monitoring tools on the Redtail dashboard, including the Morningstar Market Barometer(SM), Sector Delta graphics, fair value estimate chart, and Morningstar news content. In addition, Redtail CRM subscribers who also have a license for Morningstar(R) Advisor Workstation(SM) or Morningstar Office(SM) will have access to additional reports and research, directly from the Redtail platform. These advisors will be able to: view client portfolios and generate Morningstar portfolio-level reports--including Portfolio SnapshotTM, Portfolio X-Ray(R), and Stock IntersectionSM; and generate Investment DetailTM reports for funds, stocks, exchange-traded funds, and closed-end funds.
Albridge Announces Asset Allocation Reporting Enhancements with Morningstar Data for Seamless Advisor and Investor Presentation
Aug 5 14
Albridge announced asset allocation reporting enhancements with the integration of Morningstar data, providing greater depth and breadth of analytics and reporting for advisors as well as investors. The new capability can employ Morningstar data and client-specific classifications, providing flexibility for multiple presentation views spanning securities, investors, accounts and portfolios. Albridge's enhanced integration of Morningstar data features an expanded range of more than 10 different classification types, comprising factors such as asset allocation, sector weighting and regional breakdown information, to facilitate in-depth comparisons and robust analysis. The new integration enables seamless, customizable professional reporting presentations that leverage integrated analytics, providing a new level of transparency and insight for advisors and investors.
Morningstar Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014
Jul 23 14
Morningstar Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of $189,385,000 compared with $175,428,000 for the same period last year. Operating loss was $24,780,000 compared with operating income of $43,584,000 for the same period last year. Loss before income taxes and equity in net income of unconsolidated entities was income before income taxes and equity in net income of unconsolidated entities $18,882,000 compared with $46,695,000 for the same period last year. Net loss attributable to Morningstar Inc. was $9,769,000 or $0.22 diluted per share compared with net income attributable to Morningstar Inc. $31,121,000 or $0.66 diluted per share for the same period last year. Cash provided by operating activities was $54,804,000 compared with $58,462,000 for the same period last year. Capital expenditures was $10,006,000 compared with $9,763,000 for the same period last year.
For the six months, the company reported revenue of $370,550,000 compared with $344,284,000 for the same period last year. Operating income was $13,752,000 compared with $84,144,000 for the same period last year. Income before income taxes and equity in net income of unconsolidated entities was $20,515,000 compared with $88,200,000 for the same period last year. Net income attributable to Morningstar Inc. was $16,607,000 or $0.37 diluted per share compared with $60,739,000 or $1.30 diluted per share for the same period last year. Cash provided by operating activities was $66,688,000 compared with $85,135,000 for the same period last year. Capital expenditures was $30,799,000 compared with $18,881,000 for the same period last year.