Twitter Reported Better-Than-Expected 1Q Results; Maintaining Our $24 FVE; Shares Remain Overvalued
Twitter rang in its second straight profitable quarter while again surpassing expectations for the top and bottom line. Like the previous quarter, growth in daily active users comfortably outpaced monthly active user growth. In addition, improvement in engagement resulted in attracting more ad dollars. While there is uncertainty in data access and possibly in ad revenue in the wake of the General Data Protection Regulation, or GDPR, we still believe Twitter will remain profitable throughout 2018...Twitter provides products and services for people, organizations, advertisers, developers and platform and data partners. The company's product, Twitter, is a global platform for public self-expression and conversation in real time. The company's mobile application, Periscope, lets anyone broadcast and watch video live with others. The company's products and services for advertisers include Promoted Products such as Promoted Tweets, Promoted Accounts, and Promoted Trends. The company's products for developers and data partners provide tools and public application programming interfaces to build applications and other products that utilize Twitter data and syndicate and distribute Twitter content across their properties.
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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