Morningstar Q1 Profit Decreases - Quick Facts

(RTTNews) - Morningstar Inc. (MORN) reported that its first-quarter net income attributable to company decreased to $26.38 million or $0.58 per share, from $29.62 million or $0.63 per share, previous year.

Analysts polled by Thomson Reuters expected the company to report profit per share of $0.67 for the quarter. Analysts' estimates typically exclude special items.

Consolidated revenue was $181.2 million, a 7.3% increase from $168.9 million in the first quarter of 2013. Analysts expected revenue of $180.77 million for the quarter. Excluding acquisitions and a slight negative effect from foreign currency translations, revenue rose 6.9% in the first quarter of 2014.