AMC Ends 2017 With In-Line Quarter; Ad Revenue Dropped Further Than Expected
AMC posted an in-line fourth quarter, with both revenue and EBITDA meeting consensus projections. Top-line growth in the international segment was offset by a sharp decline in advertising revenue for the U.S. segment, leading to flat revenue. We are maintaining our narrow moat rating and our fair value estimate of $71 as we await the firm’s annual report. With shares trading in 4-star territory, the current price may provide investors with an attractive entry point.Total net revenue was roughly...
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.
We have operations in 27 countries.
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