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After a very rough 2021, investors in Catherine Wood (Trades, Portfolio)'s ARK Investment Management and its ETFs were hoping the firm could turn things around this year. Alas, this was not meant to be, as 2022 has proven even worse.
Morningstar is still reporting solid growth rates for revenue as well as earnings per share. The acquisition of the LCD business from S&P Global had a negative effect on the balance sheet, but is no reason to worry.
Morningstar is now down over 35% from its all-time high. The company has very strong fundamentals and continues to see strong growth opportunities from ESG and its pitchbook segment.
CHICAGO , June 27, 2022 /PRNewswire/ -- Morningstar, Inc. (Nasdaq: MORN), plans to report its second-quarter 2022 financial results after the market closes on Wednesday, July 27, 2022. The company does not hold analyst conference calls; however, investors may submit written questions to Morningstar at investors@morningstar.com.