Veon focuses on regaining ground in core markets after setbacks from past acquisitions.
Veon’s third-quarter results exceeded our top-line growth expectationsand were roughly in line on profitability. As management affirms organic revenue growth in low-single digits on a pro forma and constant currency basis (including Warid in the year-ago period), we are raising our revenue projection for fiscal 2017, but such increase is offset by higher integration and impairment expenses and slightly lower margin projections, resulting in no change to our fair value estimate of $4. We also re...
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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