BMW's globally healthy demand for luxury vehicles offsets weak demand in some developing markets.
Narrow-moat-rated BMW, maker of premium Mini cars, BMW passenger vehicles and motorcycles, and ultraluxury Rolls-Royce cars, reported solid first-quarter earnings per share before special items of EUR 2.90, beating the consensus estimate of EUR 2.85 by EUR 0.05 and exceeding by EUR 0.44 last year’s EPS of EUR 2.46. Considering that BMW preannounced healthy first-quarter results and that prior to the preannouncement, consensus EPS was $2.50, the outperformance relative to market expectations was ...Bayerische Motoren Werke is a holding company, engaged in the development, manufacture and sale of cars and motorcycles. Co. owns three brands: BMW, MINI and Rolls-Royce. Co.'s BMW automobile range encompasses the 1 Series, including coupe and convertible models; the 3 Series, including sedan, touring, coupe and convertible models; the 5 Series, including sedan and touring models; the 6 Series, including coupe or convertible; the 7 Series large sedan; the Z4 roadster and coupe; the sports utility vehicles, X3, X5 and X6 and M models. Co. also provides cars under the MINI brand and motorcycles under the BMW brand. The Rolls-Royce brand provides three cars, Phantom, Coupe and Ghost.
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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