Alphabet’s 2Q Results Beat Expectations; Maintaining $910 FVE; Shares Fairly Valued
Alphabet reported second-quarter 2017 results with revenue and earnings coming in above both our expectations and the consensus. The firm remains at the top of the digital advertising space with ad revenue continuing its double-digit growth. Alphabet is also progressing toward diversification as seen by growth from the firm’s cloud offering (GCP). However, continuing increases in traffic acquisition costs, along with decline in cost-per-click, remain a concern. We slightly upped our revenue esti...
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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