Thomson Reuters Making Headway With Its Post-Divestiture Strategy; Posts Decent 1Q Results
Narrow-moat Thomson Reuters showed good progress with its business transformation efforts in the first quarter, posting 8% revenue growth and 2% operating profit growth compared with the year prior. Adjusted EPS, which excludes the discontinued financial and risk business, was $0.36 for the quarter, an improvement from fourth-quarter adjusted EPS of $0.20. Regarding expenses, management is expecting one-time costs of $330 million in 2019 and advised that 2020 should be the first year of normaliz...Thomson Reuters provides source of news and information. Co. operates three business: Financial & Risk, a provider of news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals, as well as a provider of regulatory and operational risk management solutions; Legal, a provider of online and print information, decision tools, software and services that support legal, investigation, business and government professionals; and Tax & Accounting, a provider of integrated tax compliance and accounting information, software and services for professionals in accounting firms, corporations, law firms and government.
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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