Consolidated relies on bandwidth services growth and acquisitions to weather secular decline.
Consolidated Communications' third-quarter results, which now include results from FairPoint, were weak but largely as we expected. Reported revenue declined 9% year over year compared with combined revenue of Consolidated and FairPoint in the year-ago quarter, or down 4% by our calculation after excluding the revenue from the equipment sales and IT services business Consolidated sold last year. Firmwide adjusted EBITDA margin was $137.4 million, or 37.8% of total revenue, down about 4.5% from a...
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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