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Morningstar posts 4Q profit

CHICAGO (AP) _ Morningstar Inc. (MORN) on Tuesday reported fourth-quarter profit of $70.3 million.

On a per-share basis, the Chicago-based company said it had net income of $1.63. Earnings, adjusted for non-recurring gains, were 77 cents per share.

The investment research firm posted revenue of $212.2 million in the period.

For the year, the company reported profit of $161 million, or $3.72 per share. Revenue was reported as $798.6 million.

Morningstar shares have climbed slightly more than 8 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $79.73, a rise of nearly 3 percent in the last 12 months.


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


Keywords: Morningstar, Earnings Report