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Morningstar posts 1Q profit

CHICAGO (AP) _ Morningstar Inc. (MORN) on Friday reported first-quarter earnings of $18 million.

The Chicago-based company said it had net income of 42 cents per share.

The investment research firm posted revenue of $209.5 million in the period.

Morningstar shares have increased 7 percent since the beginning of the year. In the final minutes of trading on Friday, shares hit $78.79, a decline of nearly 10 percent 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

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Keywords: Morningstar, Earnings Report