Criteo’s 4Q Results Beat Expectations, and Management Provides In-Line Guidance; Raising FVE to $51
Narrow-moat Criteo reported better-than-expected fourth-quarter results, with revenue and operating income easily beating all expectations. Strong fourth-quarter revenue growth was driven mainly by continuing client growth and a surprising year-over-year increase in gross revenue per client, which we attribute to the firm’s network effect. Management provided first-quarter and full-year revenue growth guidance in line with our projections. While we increased our 2017 top-line estimate because of...
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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