Morningstar reports Q3 adjusted EPS $2.55, two estimates $2.42

Reports Q3 revenue $617.4M, two estimates $605.78M. “Morningstar (MORN) Credit delivered a standout quarter driven by strong performance across asset classes and regions, while Morningstar Direct Platform and PitchBook also contributed meaningfully to consolidated growth,” said Kunal Kapoor, Morningstar’s chief executive officer. “We continue to lay the foundation for durable growth with our planned acquisition of the Center for Research in Security Prices, which will position us as one of the largest index providers for public US equity index funds and provide scale for Morningstar Indexes. Other recent highlights included the introduction of our first medalist ratings on semiliquid funds, the launch of the Morningstar PitchBook US Modern Market 100 Index, and new collaborations to integrate our trusted data with leading generative AI platforms.”