Allegion Reports Broad-Based 2Q Growth; Raises Full-Year Sales and EPS Guidance
Allegion breezed past consensus revenue and adjusted EPS estimates as the wide-moat security products manufacturer reported strong, broad-based sales growth and improved profitability. Second-quarter sales grew just over 7% year over year to $627 million (versus $613 million consensus), adjusted operating margin expanded 20 basis points to 21.7%, and adjusted earnings increased 12% to $1.11 per share (versus $1.00 consensus). Due to strong first-half results, management raised its full-year 2017...
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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