No Surprises in Third-Quarter Results as We Await the Completion of the Sale; Shares Fairly Valued
No-moat-rated Yahoo reported third-quarter results with in line revenue and slightly better-than-expected non-GAAP net income. The company continues to work on completing the sale of its core business to Verizon by the end of first-quarter 2017. However, the deal may take a bit longer to close as recent news regarding the data breach that took place in 2014 may have pushed Verizon to look into whether such an event can, or did, have a significantly adverse effect on Yahoo’s business and/or if Ve...
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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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