Group 1's 3Q Turbocharged by Houston Hurricane Replacement
Group 1 reported a good quarter boosted by strong U.K. results, improvement in Brazil from rent reductions and less use of expensive outside vendors, and most of all from surges in September Houston demand following Hurricane Harvey in late August. Management excluded storm charges of $14.7 million pretax which helped adjusted EPS grow by 13.8% year over year to $2.23. This mark crushed consensus of $1.76 and gave the market reason to move the stock up 11.7% on Oct. 26. Revenue increased 6.7% to...
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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