Success in the outdoor and fitness segments is breathing life into Garmin, but some concerns remain.
Garmin yet again reported strong performance, as the firm’s third-quarter revenue and earnings came in above our projections and consensus. Weaknesses in auto and fitness segments were more than offset by double-digit revenue growth in outdoor, and in the firm’s narrow-moat aviation and marine segments. Management increased its 2017 outlook on the top and bottom lines. In turn, with the better-than-expected third-quarter results and our increased projections for 2018 and beyond, we raised our fa...
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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