Ericsson's Fiscal 2018 Showcases Its Turnaround Story; Raising FVE to SEK 69
For fiscal 2018, no-moat Ericsson posted 2.7% year-over-year revenue growth that exceeded our 1% growth expectation, and this marks the company's first year of organic growth since 2013. Strong revenue in the fourth quarter was mainly driven by higher -than-expected 5G demand from North America. Slightly positive operating margin of 0.6% for the year was in line with our expectations. We are encouraged by Ericsson's turnaround progress as 5G demand heats up, and we now expect stronger revenue ge...
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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