Pearson's continued focus on education and emerging markets should provide long-term growth drivers.
Narrow-moat Pearson booked a strong set of full-year results, with expectations low following the loss posted last year. Adjusted operating profit was GBP 576 million, at the top end of the guided range and in line with our expectations, while EPS of GBP 0.54 came in ahead of our GBP 0.47 estimate due to one-off tax benefits. We do not expect to make any material changes to our forecasts, nor to our GBX 740 fair value estimate. Given the extent of the recent run in the share price, we believe th...
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.
We have operations in 27 countries.
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