Twitter Reports Profitable 4Q; User Engagement Increasing; Planning to Raise FVE
Twitter beat all expectations on the top and bottom line and reported its first profitable quarter. While the firm did not see much growth in monthly active users, it appears that user engagement continues to increase as daily active users grew at a double-digit rate over the prior year. Higher-than-expected revenue, along with some effective cost control by management, helped the firm post a profitable quarter. Management provided first-quarter adjusted EBITDA guidance ahead of our internal est...
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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