Frank's Reports Okay Fourth-Quarter Results; Lowering FVE on Disappointing Profitability Trend
Frank's reported decent fourth-quarter results. Although revenue grew a very strong 13% sequentially, the bottom-line results were more lackluster with adjusted EBITDA margins slipping to 8.8% from 9% previously. Whereas International Services segment growth was accompanied by an improvement in profitability, in the other segments EBITDA stalled or declined slightly. We had been hoping, in particular, that the company would be able to translate its recent share gains and a tight overall market i...
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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