Narrow-Moat Pearson Surprises With Positive 1Q Update
Narrow-moat Pearson delivered a positive first-quarter update, to the delight of the investment community, following the profit warning that caused the shares to fall heavily in the prior quarter. Underlying sales growth of 6% in the first quarter was combined with the announcement of another restructuring program, which is expected to reduce overall costs by 750 basis points by the end of 2019. While we are encouraged by the positive sales growth, we do not expect to make any changes to our for...
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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