Morningstar reports Q1 adjusted EPS $3.18, consensus $2.66

Reports Q1 revenue $644.8M, consensus $626.91M. “In the first quarter, we created significant value, growing operating and adjusted operating income by more than 30%, while reducing shares outstanding by roughly 4% for a total of more than 10% over the past 12 months. On the product front, we introduced new proprietary intellectual property, including PitchBook’s daily valuation estimates for venture capital-backed companies and public-market-style research on leading private firms,” said Kunal Kapoor, Morningstar’s (MORN) CEO.