Morningstar IncMorningstar delivered the biggest beat among peers with revenues up 10.8% and topping estimates by 2.9%.
Financial exchanges and data stocks reported a satisfactory first quarter, with aggregate revenues beating analyst consensus estimates by 1.1%. S&P Global posted revenues of $4.17 billion, up 10.4% year on year and exceeding expectations by 2.4%, though full-year EPS guidance slightly missed. Morningstar delivered the biggest beat among peers with revenues of $644.8 million, up 10.8% and topping estimates by 2.9%, while CME Group was the weakest performer, with revenues of $1.88 billion missing estimates by 1.4%. Nasdaq reported revenues of $1.41 billion, up 13.7% and beating by 2.2%, and MSCI posted revenues of $850.8 million, up 14.1% and beating by 1.4%. On average, share prices of the group are down 5.6% since the latest earnings results.
Morningstar IncMorningstar delivered the biggest beat among peers with revenues up 10.8% and topping estimates by 2.9%.
MSCI IncMSCI posted revenues of $850.8 million, up 14.1% and beating by 1.4%.
CME Group IncCME Group revenues missed estimates by 1.4%, the weakest performer in the group.
Nasdaq IncNasdaq reported revenues of $1.41 billion, up 13.7% and beating by 2.2%.
S&P Global IncS&P Global posted revenues of $4.17 billion, up 10.4% and exceeding expectations by 2.4%, though full-year EPS guidance slightly missed.