Atlas Copco First-Quarter Results Flattered by Easy Year-Over-Year Comparables
Atlas Copco's first-quarter 2017 results were largely helped by easy year-over-year comparables. First-quarter revenue grew by 11% versus the year-ago quarter, which saw a 2% decline. Volumes, not price, drove revenue growth, and so the EBIT margin remained stable at 20%. While we welcome the rebound in volumes, there are no signs yet of increasing pricing power or cost improvements to change our long-term outlook on the company. We are maintaining our narrow moat rating and our fair value estim...
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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