Criteo Reports Strong 2Q Results but Provides Disappointing Guidance; Lowering FVE to $35
While Criteo reported better-than-expected second-quarter results, it provided disappointing third-quarter and full-year net revenue guidance as it anticipates Apple’s Intelligent Tracking Prevention to further weigh on net revenue growth. In addition, the process through which Criteo is trying to broaden its portfolio of products and enhance the technology behind them is likely to further pressure top-line growth in the near term. We note that management did raise its 2018 adjusted EBITDA margi...
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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