Abbott Sees Nutritional Headwinds in China, but Other Divisions Deliver Solid Growth
Abbott posted third-quarter results that were generally consistent with our expectations, and we’re leaving our fair value estimate unchanged. Even though pediatric nutrition sales in China slowed more than we expected, this was offset by solid growth in the remaining divisions, where diagnostics and devices slightly exceeded our expectations. The firm continued to make progress with its profitability, pushing quarterly operating margin up by 310 basis points compared with the prior-year period ...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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