Morningstar Shares Gain; Major Holders Raise Concerns Over Key Risk
Morningstar shares rose 1.9% to $180.11 in late after-hours trading Thursday, outpacing the S&P 500 ETF’s 0.6% gain. The company posted first-quarter revenue of $644.8 million, up 10.8%, and a 50% jump in diluted EPS to $2.73. Investors focused on Morningstar’s recent work with global asset owners and its expanded index business after acquiring CRSP in February.