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Morningstar: 4Q Earnings Snapshot

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CHICAGO (AP) _ Morningstar Inc. (MORN) on Thursday reported fourth-quarter net income of $75.3 million.

The Chicago-based company said it had profit of $1.74 per share. Earnings, adjusted for non-recurring gains, came to $1.57 per share.

The investment research firm posted revenue of $380.4 million in the period.

For the year, the company reported profit of $223.6 million, or $5.18 per share. Revenue was reported as $1.39 billion.

Morningstar shares have climbed roughly 8% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $249.21, a climb of 54% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MORN at https://www.zacks.com/ap/MORN