Mobile TeleSystems Reports Mixed 1Q Results With Weak Revenue but Improved Margins
Mobile TeleSystems reported mixed first-quarter results with weaker revenue but better margins. We believe these items basically offset each other and don’t expect to make any significant changes to our fair value estimate. The firm reported revenue declined 1.1% year over year versus our full-year projection of a gain of 0.7%. However, most of the decline was due to Leap Year in the year-ago period. Importantly, operations in Russia and Ukraine, by far the company’s largest markets, generated r...
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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